JMST Stock Recent News

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.

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.

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.

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.

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

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

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.