JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sets New 52-Week Low – Here’s Why

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

JPMorgan Ultra-Short Income ETF Stock Performance

The company has a 50 day moving average of $50.47 and a 200 day moving average of $50.51. The stock has a market capitalization of $40.26 billion, a price-to-earnings ratio of 109.46 and a beta of 0.01.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of JPST. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $25,000. Strengthening Families & Communities LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $28,000. Sittner & Nelson LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $30,000. Motiv8 Investments LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $32,000. Finally, Beacon Financial Strategies CORP purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $34,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

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.