JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST – Get Free Report) reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $50.56 and last traded at $50.5550, with a volume of 107713 shares traded. The stock had previously closed at $50.59.
JPMorgan Ultra-Short Municipal ETF Price Performance
The business’s 50 day simple moving average is $50.85 and its 200 day simple moving average is $50.90.
Hedge Funds Weigh In On JPMorgan Ultra-Short Municipal ETF
Institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its position in shares of JPMorgan Ultra-Short Municipal ETF by 12.1% in the second quarter. Envestnet Asset Management Inc. now owns 283,757 shares of the company’s stock valued at $14,472,000 after buying an additional 30,660 shares in the last quarter. Cherry Tree Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Municipal ETF during the second quarter worth about $45,000. Capstone Financial Advisors Inc. grew its stake in JPMorgan Ultra-Short Municipal ETF by 128.3% during the second quarter. Capstone Financial Advisors Inc. now owns 24,448 shares of the company’s stock worth $1,247,000 after buying an additional 13,739 shares in the last quarter. Cahill Financial Advisors Inc. increased its stake in JPMorgan Ultra-Short Municipal ETF by 23.2% in the second quarter. Cahill Financial Advisors Inc. now owns 37,791 shares of the company’s stock valued at $1,927,000 after acquiring an additional 7,115 shares during the last quarter. Finally, MCF Advisors LLC raised its position in JPMorgan Ultra-Short Municipal ETF by 82.8% during the second quarter. MCF Advisors LLC now owns 6,890 shares of the company’s stock valued at $351,000 after purchasing an additional 3,120 shares in 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.
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