JPMorgan Ultra-Short Municipal ETF (BATS:JMST) Hits New 1-Year High – Here’s Why

JPMorgan Ultra-Short Municipal ETF (BATS:JMST) shares reached a new 52-week high on Friday . The company 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 Trading Up 0.1%

The stock’s 50-day simple moving average is $51.05 and its 200 day simple moving average is $51.00.

JPMorgan Ultra-Short Municipal ETF Cuts Dividend

The business 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. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 2.3%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Thryve Wealth Management LLC bought a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth approximately $1,082,000. Cambient Family Office LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth approximately $1,004,000. Axxcess Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 13.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 323,330 shares of the company’s stock worth $16,470,000 after purchasing an additional 39,033 shares during the last quarter. Corient Private Wealth LLC boosted its stake in JPMorgan Ultra-Short Municipal ETF by 139.9% in the 4th quarter. Corient Private Wealth LLC now owns 893,211 shares of the company’s stock valued at $45,506,000 after purchasing an additional 520,911 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in JPMorgan Ultra-Short Municipal ETF by 44.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 168,696 shares of the company’s stock valued at $8,593,000 after purchasing an additional 51,937 shares during the period.

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.