JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Hits New 52-Week Low – What’s Next?

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $50.35 and last traded at $50.3550, with a volume of 8211860 shares. The stock had previously closed at $50.40.

JPMorgan Ultra-Short Income ETF Stock Performance

The firm has a market cap of $40.26 billion, a PE ratio of 109.46 and a beta of 0.01. The stock has a 50 day simple moving average of $50.47 and a two-hundred day simple moving average of $50.51.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nicholson Meyer Capital Management Inc. grew its position in shares of JPMorgan Ultra-Short Income ETF by 0.9% in the first quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after purchasing an additional 202 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 2.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after purchasing an additional 221 shares during the last quarter. Whipplewood Advisors LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 1.2% in the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after buying an additional 227 shares in the last quarter. Vista Cima Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 0.7% in the 2nd quarter. Vista Cima Wealth Management LLC now owns 34,917 shares of the company’s stock valued at $1,766,000 after buying an additional 239 shares in the last quarter. Finally, Keel Point LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 1.4% in the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after buying an additional 239 shares during the last quarter. Hedge funds and other institutional investors 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.