JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Sets New 1-Year High – Here’s What Happened

JPMorgan Ultra-Short Municipal ETF (BATS:JMST) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $51.13 and last traded at $51.1250, with a volume of 234679 shares changing hands. The stock had previously closed at $51.10.

JPMorgan Ultra-Short Municipal ETF Stock Performance

The firm has a 50-day moving average price of $51.05 and a 200 day moving average price of $50.99.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a dividend of $0.097 per share. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, February 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dakota Wealth Management increased its stake in shares of JPMorgan Ultra-Short Municipal ETF by 1.5% during the third quarter. Dakota Wealth Management now owns 13,815 shares of the company’s stock worth $705,000 after buying an additional 200 shares during the period. Cahaba Wealth Management Inc. lifted its stake in JPMorgan Ultra-Short Municipal ETF by 4.2% in the fourth quarter. Cahaba Wealth Management Inc. now owns 6,137 shares of the company’s stock worth $313,000 after acquiring an additional 245 shares during the last quarter. Intergy Private Wealth LLC grew its holdings in JPMorgan Ultra-Short Municipal ETF by 1.6% during the 3rd quarter. Intergy Private Wealth LLC now owns 16,223 shares of the company’s stock worth $828,000 after acquiring an additional 260 shares in the last quarter. Total Clarity Wealth Management Inc. increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.7% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 7,335 shares of the company’s stock valued at $374,000 after purchasing an additional 264 shares during the last quarter. Finally, IFG Advisory LLC increased its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.0% in the 3rd quarter. IFG Advisory LLC now owns 9,152 shares of the company’s stock valued at $467,000 after purchasing an additional 267 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.