JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) Sets New 12-Month Low – Here’s Why

JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST)’s share price hit a new 52-week low on Tuesday . The company traded as low as $50.73 and last traded at $50.74, with a volume of 1130275 shares changing hands. The stock had previously closed at $50.77.

JPMorgan Ultra-Short Municipal ETF Price Performance

The company has a fifty day moving average price of $50.86 and a 200-day moving average price of $50.91.

Institutional Trading of JPMorgan Ultra-Short Municipal ETF

A number of large investors have recently added to or reduced their stakes in JMST. HB Wealth Management LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 28.1% during the 2nd quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock valued at $166,683,000 after acquiring an additional 716,311 shares during the last quarter. Corient Private Wealth LLC increased its position in JPMorgan Ultra-Short Municipal ETF by 139.9% in the fourth quarter. Corient Private Wealth LLC now owns 893,211 shares of the company’s stock worth $45,506,000 after purchasing an additional 520,911 shares during the last quarter. WCG Wealth Advisors LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 262.3% during the fourth quarter. WCG Wealth Advisors LLC now owns 493,050 shares of the company’s stock valued at $25,116,000 after purchasing an additional 356,972 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 20.1% during the first quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock valued at $87,647,000 after purchasing an additional 287,225 shares in the last quarter. Finally, SouthState Bank Corp lifted its position in JPMorgan Ultra-Short Municipal ETF by 6,341.9% during the fourth quarter. SouthState Bank Corp now owns 286,731 shares of the company’s stock valued at $14,606,000 after purchasing an additional 282,280 shares during the last quarter.

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.