JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sets New 12-Month Low – Time to Sell?

Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) hit a new 52-week low during trading on Tuesday. The stock traded as low as $50.33 and last traded at $50.35, with a volume of 8138582 shares traded. The stock had previously closed at $50.37.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

The stock’s 50-day moving average is $50.44 and its 200-day moving average is $50.48. The company has a market cap of $41.79 billion, a price-to-earnings ratio of 109.50 and a beta of 0.01.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of JPST. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.1% in the 4th quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after purchasing an additional 9,729,791 shares in the last quarter. LPL Financial LLC increased its stake in JPMorgan Ultra-Short Income ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after purchasing an additional 1,459,312 shares in the last quarter. HB Wealth Management LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 5.4% during the second quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock worth $506,509,000 after buying an additional 514,497 shares during the last quarter. Royal Bank of Canada raised its holdings in JPMorgan Ultra-Short Income ETF by 11.1% during the first quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock worth $271,917,000 after buying an additional 534,875 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 7.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock valued at $184,468,000 after buying an additional 245,314 shares in the last quarter. 2.17% of the stock is owned by 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.