JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Hits New 52-Week Low – Should You Sell?

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)’s stock price reached 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. The stock had previously closed at $50.57.

JPMorgan Ultra-Short Income ETF Stock Down 0.3%

The firm has a 50 day moving average of $50.52 and a 200 day moving average of $50.59. The firm has a market cap of $37.46 billion, a PE ratio of 109.57 and a beta of 0.01.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JPST. Cardiff Park Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $25,000. Jackson Hole Capital Partners LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $28,000. Sittner & Nelson LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $30,000. Motiv8 Investments LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $32,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

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.