JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Reaches New 12-Month Low – Should You Sell?

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) reached a new 52-week low during trading on Friday . The company traded as low as $50.42 and last traded at $50.42, with a volume of 2469570 shares traded. The stock had previously closed at $50.43.

JPMorgan Ultra-Short Income ETF Price Performance

The company has a market cap of $37.47 billion, a price-to-earnings ratio of 109.59 and a beta of 0.01. The stock has a 50-day moving average price of $50.52 and a 200 day moving average price of $50.61.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

Hedge funds have recently modified their holdings of the business. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth about $25,000. Jackson Hole Capital Partners LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $28,000. Sittner & Nelson LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $30,000. MGB Wealth Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth about $30,000. Finally, Motiv8 Investments LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

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.