JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $50.91 and traded as high as $50.93. JPMorgan Ultra-Short Municipal ETF shares last traded at $50.92, with a volume of 1,715,819 shares traded.

JPMorgan Ultra-Short Municipal ETF Trading Up 0.1%

The company’s 50-day simple moving average is $50.76 and its 200-day simple moving average is $50.91.

Institutional Trading of JPMorgan Ultra-Short Municipal ETF

Several hedge funds have recently added to or reduced their stakes in JMST. HB Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 28.1% in the 2nd quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock valued at $166,683,000 after purchasing an additional 716,311 shares in the last quarter. Keybank National Association OH bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 3rd quarter valued at $32,162,000. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth $21,870,000. Gradient Investments LLC acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth $20,465,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 3rd quarter worth $18,814,000.

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.