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

JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) shares reached a new 52-week low on Wednesday . The stock traded as low as $50.79 and last traded at $50.83, with a volume of 354725 shares traded. The stock had previously closed at $50.82.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1%

The stock’s fifty day simple moving average is $50.91 and its 200-day simple moving average is $50.94.

Institutional Trading of JPMorgan Ultra-Short Municipal ETF

Several hedge funds have recently made changes to their positions in JMST. Allspring Global Investments Holdings LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF in the first quarter worth $36,000. US Bancorp DE lifted its stake in JPMorgan Ultra-Short Municipal ETF by 130.6% in the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock valued at $59,000 after buying an additional 653 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at $71,000. MidAtlantic Capital Management Inc. bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $80,000. Finally, Core Wealth Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $83,000.

About JPMorgan Ultra-Short Municipal ETF

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.