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

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)’s stock price reached 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 trading hands. The stock had previously closed at $50.37.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

The company has a 50-day moving average of $50.45 and a 200 day moving average of $50.49. The stock has a market capitalization of $41.72 billion, a PE ratio of 109.45 and a beta of 0.01.

Institutional Trading of JPMorgan Ultra-Short Income ETF

Institutional investors have recently added to or reduced their stakes in the stock. Strengthening Families & Communities LLC bought a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth $28,000. Sittner & Nelson LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $30,000. Motiv8 Investments LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $32,000. Beacon Financial Strategies CORP bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $34,000. Finally, Allied Private Wealth LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

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.