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

Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $50.40 and last traded at $50.41, with a volume of 392076 shares changing hands. The stock had previously closed at $50.57.

JPMorgan Ultra-Short Income ETF Stock Down 0.3%

The company has a market capitalization of $37.46 billion, a PE ratio of 109.57 and a beta of 0.01. The stock has a 50-day moving average of $50.52 and a 200 day moving average of $50.59.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in 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 buying an additional 9,729,791 shares during the period. Morgan Stanley raised its position in JPMorgan Ultra-Short Income ETF by 2.4% in the fourth quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock worth $3,109,705,000 after acquiring an additional 1,449,509 shares during the period. LPL Financial LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 8.0% in 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. Bank of America Corp DE boosted its stake in JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after acquiring an additional 2,162,615 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in JPMorgan Ultra-Short Income ETF by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock valued at $579,023,000 after acquiring an additional 194,855 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

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.