JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $50.74 and last traded at $50.7650, with a volume of 521818 shares changing hands. The stock had previously closed at $50.78.
JPMorgan Ultra-Short Municipal ETF Stock Performance
The company’s 50-day simple moving average is $50.88 and its 200-day simple moving average is $50.92.
Hedge Funds Weigh In On JPMorgan Ultra-Short Municipal ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of JMST. HB Wealth Management LLC grew its stake 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 worth $166,683,000 after purchasing an additional 716,311 shares during the period. Corient Private Wealth LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 139.9% during the fourth quarter. Corient Private Wealth LLC now owns 893,211 shares of the company’s stock worth $45,506,000 after acquiring an additional 520,911 shares during the last quarter. WCG Wealth Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 262.3% in 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 grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 20.1% in 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 during the last quarter. Finally, SouthState Bank Corp grew its position in shares of JPMorgan Ultra-Short Municipal ETF by 6,341.9% in 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.
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.
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