JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Hits New 52-Week Low – Here’s What Happened

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $50.34 and last traded at $50.34, with a volume of 8564978 shares. The stock had previously closed at $50.35.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

The firm’s 50 day simple moving average is $50.46 and its two-hundred day simple moving average is $50.50. The stock has a market capitalization of $41.36 billion, a P/E ratio of 109.52 and a beta of 0.01.

Institutional Trading of JPMorgan Ultra-Short Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JPST. Anchor Investment Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 5.4% in the second quarter. Anchor Investment Management LLC now owns 183,523 shares of the company’s stock worth $9,281,000 after acquiring an additional 9,452 shares in the last quarter. Cherry Tree Wealth Management LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 13.1% during the second quarter. Cherry Tree Wealth Management LLC now owns 43,025 shares of the company’s stock valued at $2,176,000 after acquiring an additional 4,984 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 1,036.7% during the second quarter. MCF Advisors LLC now owns 101,248 shares of the company’s stock valued at $5,120,000 after acquiring an additional 92,341 shares in the last quarter. Archford Capital Strategies LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 2.7% during the second quarter. Archford Capital Strategies LLC now owns 154,344 shares of the company’s stock worth $7,805,000 after purchasing an additional 4,067 shares during the period. Finally, Capital Analysts LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 15.1% during the second quarter. Capital Analysts LLC now owns 20,133 shares of the company’s stock worth $1,018,000 after purchasing an additional 2,637 shares during the period. 2.17% of the stock is 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.