JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sets New 12-Month Low – Time to Sell?

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)’s stock price reached a new 52-week low on Friday . The company traded as low as $50.42 and last traded at $50.42, with a volume of 2469570 shares changing hands. The stock had previously closed at $50.43.

JPMorgan Ultra-Short Income ETF Price Performance

The firm’s 50-day moving average is $50.52 and its 200 day moving average is $50.61. The stock has a market cap of $37.47 billion, a price-to-earnings ratio of 109.59 and a beta of 0.01.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mezzasalma Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 70.9% in the 4th quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after buying an additional 33,446 shares during the last quarter. Webster Bank N. A. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 27.0% in the 4th quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock worth $5,430,000 after buying an additional 22,815 shares during the last quarter. Greenberg Financial Group bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $1,544,000. Authentikos Wealth Advisory LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 56.6% in the 3rd quarter. Authentikos Wealth Advisory LLC now owns 45,098 shares of the company’s stock worth $2,288,000 after buying an additional 16,299 shares during the last quarter. Finally, Optima Capital LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $3,485,000. 2.17% of the stock is currently owned by 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.