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

Shares of JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $50.74 and last traded at $50.7650, with a volume of 521818 shares. The stock had previously closed at $50.78.

JPMorgan Ultra-Short Municipal ETF Price Performance

The stock has a 50-day moving average price of $50.88 and a 200 day moving average price 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 business. Allspring Global Investments Holdings LLC purchased a new stake in JPMorgan Ultra-Short Municipal ETF in the first quarter valued at approximately $36,000. Cherry Tree Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Municipal ETF during the second quarter worth approximately $45,000. Godfrey Financial Associates Inc. acquired a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter valued at $71,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at $80,000. Finally, Core Wealth Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 4th quarter valued at $83,000.

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.