JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sets New 52-Week Low – Here’s Why

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)’s stock price reached a new 52-week low on Monday . The stock traded as low as $50.39 and last traded at $50.40, with a volume of 6112040 shares changing hands. The stock had previously closed at $50.54.

JPMorgan Ultra-Short Income ETF Stock Down 0.3%

The stock has a market cap of $40.30 billion, a P/E ratio of 109.57 and a beta of 0.01. The stock has a fifty day simple moving average of $50.49 and a 200-day simple moving average of $50.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nicholson Meyer Capital Management Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after purchasing an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 2.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after buying an additional 221 shares during the period. Whipplewood Advisors LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 1.2% during the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock worth $936,000 after buying an additional 227 shares during the period. Keel Point LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 1.4% in the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after buying an additional 239 shares in the last quarter. Finally, Atticus Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 3.2% in the fourth quarter. Atticus Wealth Management LLC now owns 7,897 shares of the company’s stock valued at $399,000 after buying an additional 243 shares during the period. 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.