JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sets New 1-Year Low – Time to Sell?

Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $50.37 and last traded at $50.38, with a volume of 646351 shares traded. The stock had previously closed at $50.54.

JPMorgan Ultra-Short Income ETF Stock Performance

The company’s fifty day moving average price is $50.49 and its 200-day moving average price is $50.53. The stock has a market cap of $40.27 billion, a P/E ratio of 109.48 and a beta of 0.01.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Buck Wealth Strategies LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 7.3% in the 4th quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock worth $14,367,000 after acquiring an additional 19,402 shares in the last quarter. Greenwood Gearhart Inc. grew its stake in JPMorgan Ultra-Short Income ETF by 13.8% during the 4th quarter. Greenwood Gearhart Inc. now owns 1,587,784 shares of the company’s stock worth $80,326,000 after buying an additional 192,915 shares during the last quarter. Prosperitas Financial LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $1,874,000. TPG Financial Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 60.0% during the fourth quarter. TPG Financial Advisors LLC now owns 48,492 shares of the company’s stock worth $2,453,000 after acquiring an additional 18,183 shares during the last quarter. Finally, Investment Advisory Services Group LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth $9,437,000. 2.17% of the stock is currently 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.