JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Reaches New 12-Month Low – Here’s What Happened

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $50.35 and last traded at $50.3550, with a volume of 8211860 shares trading hands. The stock had previously closed at $50.40.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

The firm has a fifty day simple moving average of $50.47 and a 200-day simple moving average of $50.51. The company has a market cap of $40.27 billion, a PE ratio of 109.48 and a beta of 0.01.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. TPG Financial Advisors LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 60.0% during the 4th quarter. TPG Financial Advisors LLC now owns 48,492 shares of the company’s stock worth $2,453,000 after purchasing an additional 18,183 shares during the period. First Business Financial Services Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 7.3% in the fourth quarter. First Business Financial Services Inc. now owns 217,698 shares of the company’s stock valued at $11,013,000 after purchasing an additional 14,901 shares during the period. Thrivent Financial for Lutherans increased its stake in JPMorgan Ultra-Short Income ETF by 286.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,266,826 shares of the company’s stock valued at $64,162,000 after purchasing an additional 938,617 shares during the period. SkyOak Wealth LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.1% in the fourth quarter. SkyOak Wealth LLC now owns 544,898 shares of the company’s stock valued at $27,566,000 after buying an additional 36,330 shares during the last quarter. Finally, Beacon Financial Advisory LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 14.0% in the second quarter. Beacon Financial Advisory LLC now owns 168,730 shares of the company’s stock valued at $8,533,000 after buying an additional 20,732 shares during the last quarter. 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.