JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $50.39 and last traded at $50.40, with a volume of 6112040 shares trading hands. The stock had previously closed at $50.54.
JPMorgan Ultra-Short Income ETF Stock Performance
The firm has a market cap of $40.32 billion, a price-to-earnings ratio of 109.61 and a beta of 0.01. The stock has a 50-day moving average of $50.48 and a two-hundred day moving average of $50.55.
Institutional Trading of JPMorgan Ultra-Short Income ETF
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after acquiring an additional 9,729,791 shares during the period. Axxcess Wealth Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 568.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock worth $393,694,000 after purchasing an additional 6,617,940 shares during the period. Bank of America Corp DE boosted its stake in JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares during the period. Adventist Health System Sunbelt Healthcare Corp grew its position in JPMorgan Ultra-Short Income ETF by 215.9% during the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after purchasing an additional 1,921,600 shares in the last quarter. Finally, LPL Financial LLC grew its position 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 worth $992,621,000 after purchasing an additional 1,459,312 shares in the last quarter. 2.17% of the stock is owned by hedge funds and other 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.
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