JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) Hits New 52-Week Low – Time to Sell?

JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST)’s stock 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 trading hands. The stock had previously closed at $50.78.

JPMorgan Ultra-Short Municipal ETF Trading Down 0.0%

The firm has a 50-day simple moving average of $50.88 and a two-hundred day simple moving average of $50.92.

Institutional Trading of JPMorgan Ultra-Short Municipal ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cherry Tree Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF in the 2nd quarter valued at about $45,000. Capstone Financial Advisors Inc. grew its holdings in shares of 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. raised its position in shares of 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 buying an additional 7,115 shares during the last quarter. MCF Advisors LLC lifted its stake in shares of 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 buying an additional 3,120 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 2.5% during the second quarter. NewEdge Advisors LLC now owns 278,708 shares of the company’s stock valued at $14,214,000 after buying an additional 6,827 shares during the period.

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.