JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) Stock Crosses Above 200 Day Moving Average – What’s Next?

JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $50.91 and traded as high as $50.93. JPMorgan Ultra-Short Municipal ETF shares last traded at $50.92, with a volume of 1,715,819 shares.

JPMorgan Ultra-Short Municipal ETF Stock Up 0.1%

The business’s fifty day moving average price is $50.76 and its 200 day moving average price is $50.91.

Hedge Funds Weigh In On JPMorgan Ultra-Short Municipal ETF

A number of institutional investors have recently added to or reduced their stakes in JMST. Bank of America Corp DE boosted its position in JPMorgan Ultra-Short Municipal ETF by 5.8% in the first quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock valued at $213,332,000 after buying an additional 227,838 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 28.1% during the second quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock worth $166,683,000 after buying an additional 716,311 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of JPMorgan Ultra-Short Municipal ETF by 14.7% during the first quarter. Bank of New York Mellon Corp now owns 1,261,630 shares of the company’s stock worth $64,318,000 after buying an additional 161,844 shares during the last quarter. Salomon & Ludwin LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 1.0% during the third quarter. Salomon & Ludwin LLC now owns 1,213,760 shares of the company’s stock worth $61,368,000 after buying an additional 11,760 shares in the last quarter. Finally, AlphaCore Capital LLC increased its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 13.1% during the third quarter. AlphaCore Capital LLC now owns 844,642 shares of the company’s stock worth $42,705,000 after buying an additional 97,595 shares in 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.