JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday. The company traded as low as $50.33 and last traded at $50.3350, with a volume of 3002409 shares traded. The stock had previously closed at $50.37.
JPMorgan Ultra-Short Income ETF Stock Up 0.0%
The company’s 50-day moving average is $50.45 and its 200-day moving average is $50.49. The stock has a market capitalization of $41.73 billion, a price-to-earnings ratio of 109.47 and a beta of 0.01.
Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. Nicholson Meyer Capital Management Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% in the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock worth $1,128,000 after acquiring an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 2.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after acquiring an additional 221 shares in the last quarter. Whipplewood Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 1.2% in the first quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock worth $936,000 after purchasing an additional 227 shares during the period. Vista Cima Wealth Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 0.7% in the second quarter. Vista Cima Wealth Management LLC now owns 34,917 shares of the company’s stock worth $1,766,000 after purchasing an additional 239 shares during the period. Finally, Secured Retirement Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 5.1% in the first quarter. Secured Retirement Advisors LLC now owns 5,003 shares of the company’s stock worth $253,000 after purchasing an additional 243 shares during the period. 2.17% of the stock is currently owned by hedge funds and other 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.
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