JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sets New 12-Month Low – Here’s Why

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) shares hit a new 52-week low on Tuesday . The stock traded as low as $50.37 and last traded at $50.38, with a volume of 646351 shares traded. The stock had previously closed at $50.54.

JPMorgan Ultra-Short Income ETF Trading Down 0.4%

The firm has a market cap of $40.27 billion, a price-to-earnings ratio of 109.48 and a beta of 0.01. The company has a fifty day moving average price of $50.49 and a 200-day moving average price of $50.53.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in JPST. Cardiff Park Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at approximately $25,000. Strengthening Families & Communities LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the second quarter valued at $28,000. Sittner & Nelson LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $30,000. Motiv8 Investments LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $32,000. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at about $34,000. 2.17% of the stock is owned by institutional investors and hedge funds.

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.