JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sees Strong Trading Volume – Should You Buy?

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPSTGet Free Report) shares saw unusually-high trading volume on Thursday . Approximately 4,898,769 shares changed hands during mid-day trading, an increase of 24% from the previous session’s volume of 3,957,023 shares.The stock last traded at $50.56 and had previously closed at $50.57.

JPMorgan Ultra-Short Income ETF Price Performance

The business’s 50 day moving average is $50.58 and its 200-day moving average is $50.45.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

A number of institutional investors have recently modified their holdings of JPST. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $25,000. LRI Investments LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $30,000. Hershey Financial Advisers LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at $30,000. Triad Wealth Partners LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $32,000. Finally, EverSource Wealth Advisors LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 282.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 734 shares of the company’s stock worth $37,000 after purchasing an additional 542 shares in 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.

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