JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) Reaches New 52-Week Low – What’s Next?

JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $50.78 and last traded at $50.7750, with a volume of 159514 shares. The stock had previously closed at $50.80.

JPMorgan Ultra-Short Municipal ETF Stock Performance

The company has a 50-day simple moving average of $50.89 and a two-hundred day simple moving average of $50.93.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. AlphaCore Capital LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 17.3% in the 4th quarter. AlphaCore Capital LLC now owns 582,811 shares of the company’s stock worth $29,751,000 after purchasing an additional 85,971 shares in the last quarter. Diversified Portfolios Inc. increased its position in JPMorgan Ultra-Short Municipal ETF by 17.3% during the 4th quarter. Diversified Portfolios Inc. now owns 297,129 shares of the company’s stock valued at $15,136,000 after buying an additional 43,792 shares in the last quarter. LPL Financial LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 1.8% during the fourth quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock valued at $154,058,000 after buying an additional 54,500 shares during the last quarter. WCG Wealth Advisors LLC raised its stake in JPMorgan Ultra-Short Municipal ETF by 262.3% during the fourth quarter. WCG Wealth Advisors LLC now owns 493,050 shares of the company’s stock valued at $25,116,000 after buying an additional 356,972 shares during the last quarter. Finally, Dynasty Wealth Management LLC bought a new stake in JPMorgan Ultra-Short Municipal ETF in the fourth quarter worth $11,920,000.

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.