JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sees Large Volume Increase – Still a Buy?

Posted by Oscar Bower on Dec 3rd, 2024

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Get Free Report) saw an uptick in trading volume on Tuesday . 15,589,823 shares were traded during trading, an increase of 268% from the previous session’s volume of 4,232,771 shares.The stock last traded at $50.42 and had previously closed at $50.41.

JPMorgan Ultra-Short Income ETF Trading Up 0.0 %

The stock has a 50-day moving average price of $50.54 and a two-hundred day moving average price of $50.50.

Institutional Trading of JPMorgan Ultra-Short Income ETF

Several hedge funds have recently modified their holdings of JPST. EverSource Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 282.3% during the first quarter. EverSource Wealth Advisors LLC now owns 734 shares of the company’s stock valued at $37,000 after acquiring an additional 542 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at about $25,000. Lynx Investment Advisory acquired a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $69,000. Prism Advisors Inc. raised its holdings in JPMorgan Ultra-Short Income ETF by 3.3% in the 2nd quarter. Prism Advisors Inc. now owns 255,500 shares of the company’s stock valued at $12,895,000 after buying an additional 8,194 shares during the period. Finally, Stewardship Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.7% in the 2nd quarter. Stewardship Advisors LLC now owns 123,172 shares of the company’s stock worth $6,216,000 after acquiring an additional 11,880 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Company Profile

(Get Free Report)

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.