JPMorgan Ultra-Short Municipal Income ETF

JMST

Market cap $4.65B

Overview Fund Activity

51.07 USD

+0.02

0.04%

At close Updated Sep 17, 4:00 PM EDT

1 day

0.04%

5 days

0.08%

1 month

0.16%

3 months

0.45%

6 months

0.47%

Year to date

0.69%

1 year

0.39%

5 years

0.12%

10 years

2.04%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

61% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 31

54% more repeat investments, than reductions

Existing positions increased: 240 | Existing positions reduced: 156

12% more capital invested

Capital invested by funds: $2.67B [Q1] → $2.98B (+$311M) [Q2]

2% more funds holding

Funds holding: 487 [Q1] → 496 (+9) [Q2]

1.49% less ownership

Funds ownership: 75.17% [Q1] → 73.68% (-1.49%) [Q2]

10% less funds holding in top 10

Funds holding in top 10: 21 [Q1] → 19 (-2) [Q2]

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Financial journalist opinion

JMST: Good Attempt, Perfectly Sensible, But There Are Better Alternatives

JMST offers low-risk, tax-free income from short-term investment-grade municipal bonds, but yields are notably lower than alternatives. The fund's construction is sound—minimizing interest rate and credit risk—yet its conservative approach results in underwhelming returns. Other short-term muni funds, like SHYM, achieve higher yields by including unrated bonds, which historically have low default rates.

JMST: Good Attempt, Perfectly Sensible, But There Are Better Alternatives

Investors Turn to Actively Managed Bond ETFs in March

Tariff mayhem continues to cause volatility in markets as investors attempt to make sense of continuous changes. In a tumultuous environment, investors increasingly turned to actively managed bond ETFs this year according to JPMAM research.

Investors Turn to Actively Managed Bond ETFs in March

JMST: Ultra-Short Muni Bond ETF, Tax-Advantaged 3.2% Yield

JMST is an actively managed ETF focusing on short-term and variable-rate municipal bonds. It is slightly riskier, and slightly more volatile than t-bills. It has a tax-advantaged 3.3% yield. Income seems weak, even accounting for any potential tax benefits.

JMST: Ultra-Short Muni Bond ETF, Tax-Advantaged 3.2% Yield

Municipal Bond Funds: Time To Shine Or Curtain Call?

Municipal bonds are back to offer compelling risk-adjusted opportunities, but future decisions from Washington can either act as a tailwind or headwind. Municipal bond funds saw net inflows during 2024, first annual inflow since 2021—which was a record year. 2024 was a record year in municipal bond issuance. With attractive yields, the market may start to pay more attention to tax-equivalent yield advantages offered through municipal debt.

Municipal Bond Funds: Time To Shine Or Curtain Call?

Municipal Fixed Income: Shelter From The Storm?

Specific to the muni market, perhaps the biggest surprise this year has been new issue supply that is running well ahead of expectations, up roughly 40% from last year. We think this increased summer issuance is likely the result of deals getting pulled forward, as issuers may be cautious about coming to market later in the fall ahead of what is likely to be an uncertain U.S. political climate. While municipal credit quality has already peaked, it is entering this period of moderating economic growth from a position of strength.

Municipal Fixed Income: Shelter From The Storm?

Growing Supply of Active Municipal Bond ETFs

Actively managed ETFs continued to gain traction in July with $24 billion of net inflows. This represented 19% of the industry's net inflows, which remains impressive given the 7% share of the assets.

Growing Supply of Active Municipal Bond ETFs

Siblings of Popular Active Bond ETFs

Actively managed ETFs continue to remain popular. In the first seven months of 2024, these funds gathered 25% of the industry's net inflows.

Siblings of Popular Active Bond ETFs

Zacks Investment Research

Short-Term Municipal Income ETF (JMST) Hits a 52-Week High

Investors seeking momentum may have JPMorgan Ultra-Short Municipal Income ETF JMST) on radar now. The fund recently hit a new 52-week high.

The Motley Fool

2 ETFs to Buy That Are Nearly as Stable as Cash but Can Offer a Much Better Return

While earning a decent yield on your savings is great, taxes can be a meaningful factor. You can avoid taxes on some interest payments using government-backed bonds.

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