JPMorgan Ultra-Short Municipal Income ETFJPMorgan Ultra-Short Municipal Income ETFJPMorgan Ultra-Short Municipal Income ETF

JPMorgan Ultra-Short Municipal Income ETF

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Key stats


Assets under management (AUM)
‪3.71 B‬USD
Fund flows (1Y)
‪1.08 B‬USD
Dividend yield (indicated)
3.18%
Discount/Premium to NAV
0.07%
Shares outstanding
‪73.20 M‬
Expense ratio
0.18%

About JPMorgan Ultra-Short Municipal Income ETF


Brand
JPMorgan
Inception date
Oct 16, 2018
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
JPMorgan Investment Management, Inc.
Distributor
JPMorgan Distribution Services, Inc.
JMST provides access to municipal bonds that are exempt from federal taxes. The funds average maturity target of two years or less is lower than many of its competitors, reducing interest rate risk and making JMST an option for managing short-term assets. Credit risk is also limited as high-yield debt exposure is capped at 10% of the portfolio. The fund makes investment decisions based on its assessment of individual securities and their market sectors, risk/reward analyses, and using certain ESG factors. As an actively managed fund, the fund may make investment decisions at their own discretion.

Classification


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Investment grade
Niche
Short-term
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Municipal
Stock breakdown by region
69%30%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to JMST via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
JMST trades at 50.79 USD today, its price has risen 0.03% in the past 24 hours. Track more dynamics on JMST price chart.
JMST net asset value is 50.75 today — it's risen 0.49% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
JMST assets under management is ‪3.71 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
JMST price has risen by 0.25% over the last month, and its yearly performance shows a 0.21% increase. See more dynamics on JMST price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.49% over the last month, showed a 0.62% increase in three-month performance and has increased by 3.36% in a year.
JMST fund flows account for ‪1.08 B‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
JMST invests in bonds. See more details in our Analysis section.
JMST expense ratio is 0.18%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, JMST isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, JMST technical analysis shows the strong buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating JMST shows the neutral signal. See more of JMST technicals for a more comprehensive analysis.
Yes, JMST pays dividends to its holders with the dividend yield of 3.18%.
JMST trades at a premium (0.07%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
JMST shares are issued by JPMorgan Chase & Co.
JMST follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 16, 2018.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.