JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) Sets New 52-Week Low – Here’s Why

Shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) hit a new 52-week low during trading on Thursday . The stock traded as low as $50.78 and last traded at $50.7750, with a volume of 159514 shares changing hands. The stock had previously closed at $50.80.

JPMorgan Ultra-Short Municipal ETF Trading Down 0.0%

The stock has a fifty day simple moving average of $50.90 and a two-hundred day simple moving average of $50.93.

Institutional Investors Weigh In On JPMorgan Ultra-Short Municipal ETF

Several institutional investors and hedge funds have recently made changes to their positions in JMST. Root Financial Partners LLC increased its holdings in JPMorgan Ultra-Short Municipal ETF by 0.6% in the first quarter. Root Financial Partners LLC now owns 39,321 shares of the company’s stock worth $2,005,000 after purchasing an additional 225 shares in the last quarter. Narus Financial Partners LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 0.7% during the 1st quarter. Narus Financial Partners LLC now owns 34,970 shares of the company’s stock worth $1,783,000 after buying an additional 240 shares in the last quarter. Schwallier Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 4.3% during the 4th quarter. Schwallier Wealth Management LLC now owns 6,761 shares of the company’s stock worth $346,000 after buying an additional 278 shares in the last quarter. Equitable Holdings Inc. grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.0% during the 3rd quarter. Equitable Holdings Inc. now owns 28,263 shares of the company’s stock worth $1,443,000 after buying an additional 285 shares during the period. Finally, Strategic Wealth Advisors LLC grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 1.0% during the 1st quarter. Strategic Wealth Advisors LLC now owns 29,288 shares of the company’s stock worth $1,493,000 after buying an additional 295 shares during the period.

JPMorgan Ultra-Short Municipal ETF Company Profile

The JPMorgan Ultra-Short Municipal Income ETF (JMST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of US municipal bonds with a weighted average maturity of two years or less. JMST was launched on Oct 16, 2018 and is managed by JPMorgan Chase.