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

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $50.33 and last traded at $50.3350, with a volume of 3002409 shares trading hands. The stock had previously closed at $50.37.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

The firm has a market capitalization of $41.72 billion, a P/E ratio of 109.45 and a beta of 0.01. The stock has a 50 day simple moving average of $50.45 and a 200-day simple moving average of $50.49.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after purchasing an additional 9,729,791 shares during the period. LPL Financial LLC lifted its position in JPMorgan Ultra-Short Income ETF by 8.0% during the fourth quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after acquiring an additional 1,459,312 shares during the last quarter. HB Wealth Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 5.4% in the 2nd quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock worth $506,509,000 after purchasing an additional 514,497 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.1% during the first quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock valued at $271,917,000 after acquiring an additional 534,875 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of JPMorgan Ultra-Short Income ETF by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock valued at $184,468,000 after acquiring an additional 245,314 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

About JPMorgan Ultra-Short Income ETF

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.