JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sets New 12-Month Low – Here’s Why

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $50.40 and last traded at $50.41, with a volume of 392076 shares traded. The stock had previously closed at $50.57.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

The company’s fifty day moving average price is $50.51 and its two-hundred day moving average price is $50.59. The firm has a market cap of $39.17 billion, a PE ratio of 109.61 and a beta of 0.01.

Institutional Trading of JPMorgan Ultra-Short Income ETF

Several hedge funds have recently modified their holdings of JPST. Mezzasalma Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 70.9% during the 4th quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock valued at $4,082,000 after buying an additional 33,446 shares during the last quarter. Webster Bank N. A. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 27.0% in the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock worth $5,430,000 after acquiring an additional 22,815 shares during the last quarter. Buck Wealth Strategies LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 7.3% in the fourth quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock valued at $14,367,000 after acquiring an additional 19,402 shares in the last quarter. Greenberg Financial Group acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $1,544,000. Finally, Optima Capital LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $3,485,000. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Company Profile

The JPMorgan Ultra-Short Income ETF (JPST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated debt securities with an effective duration of one year or less. JPST was launched on May 17, 2017 and is managed by JPMorgan Chase.