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. The stock had previously closed at $50.43.

JPMorgan Ultra-Short Income ETF Stock Performance

The stock has a market cap of $37.47 billion, a PE ratio of 109.59 and a beta of 0.01. The stock’s 50-day moving average is $50.52 and its two-hundred day moving average is $50.61.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stillwater Private Wealth LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at approximately $314,000. Parallel Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 100.6% in the 1st quarter. Parallel Advisors LLC now owns 63,971 shares of the company’s stock valued at $3,238,000 after buying an additional 32,075 shares during the period. Caerus Investment Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at approximately $788,000. Financial Solutions Advisory Group Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at approximately $13,695,000. Finally, Keel Point LLC boosted its position in JPMorgan Ultra-Short Income ETF by 15.0% in the 1st quarter. Keel Point LLC now owns 16,892 shares of the company’s stock valued at $855,000 after buying an additional 2,203 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

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.