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

Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw unusually-strong trading volume on Wednesday . Approximately 2,753,833 shares changed hands during trading, a decline of 30% from the previous session’s volume of 3,962,090 shares.The stock last traded at $50.58 and had previously closed at $50.60.

JPMorgan Ultra-Short Income ETF Stock Performance

The company has a 50 day moving average price of $50.59 and a 200 day moving average price of $50.47.

Institutional Trading of JPMorgan Ultra-Short Income ETF

Several hedge funds have recently added to or reduced their stakes in JPST. Diversify Advisory Services LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $1,207,000. Mission Wealth Management LP raised its holdings in JPMorgan Ultra-Short Income ETF by 31.7% in the 1st quarter. Mission Wealth Management LP now owns 39,904 shares of the company’s stock valued at $2,013,000 after acquiring an additional 9,600 shares in the last quarter. Prosperity Consulting Group LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 9.8% in the 1st quarter. Prosperity Consulting Group LLC now owns 13,392 shares of the company’s stock valued at $676,000 after acquiring an additional 1,191 shares in the last quarter. Concourse Financial Group Securities Inc. raised its holdings in JPMorgan Ultra-Short Income ETF by 16.0% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 8,524 shares of the company’s stock valued at $430,000 after acquiring an additional 1,178 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in JPMorgan Ultra-Short Income ETF by 851.5% in the 1st quarter. BNP Paribas Financial Markets now owns 581,353 shares of the company’s stock valued at $29,329,000 after acquiring an additional 520,253 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Company Profile

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.