JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Reaches New 12-Month High – Still a Buy?

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)’s share price hit a new 52-week high on Tuesday . The company traded as high as $50.78 and last traded at $50.7750, with a volume of 2030774 shares traded. The stock had previously closed at $50.76.

JPMorgan Ultra-Short Income ETF Stock Performance

The stock has a market cap of $34.29 billion, a PE ratio of 110.38 and a beta of 0.01. The company has a 50 day moving average of $50.68 and a two-hundred day moving average of $50.64.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

A number of institutional investors have recently added to or reduced their stakes in JPST. Chelsea Counsel Co. purchased a new position in JPMorgan Ultra-Short Income ETF during the first quarter valued at $25,000. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth about $25,000. Cardiff Park Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $25,000. MGB Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $30,000. Finally, Brentview Investment Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

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.