JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Share Price Breaks Above Fifty Day Moving Average – Here’s What Happened

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) shares crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $50.38 and traded as high as $50.39. JPMorgan Ultra-Short Income ETF shares last traded at $50.39, with a volume of 4,646,074 shares traded.

JPMorgan Ultra-Short Income ETF Price Performance

The firm has a 50-day moving average of $50.37 and a 200 day moving average of $50.50. The stock has a market capitalization of $43.12 billion, a price-to-earnings ratio of 109.63 and a beta of 0.01.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hughes Financial Services LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 75.8% during the third quarter. Hughes Financial Services LLC now owns 589 shares of the company’s stock worth $30,000 after purchasing an additional 254 shares during the last quarter. Legacy CG LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 72.6% in the 3rd quarter. Legacy CG LLC now owns 611,325 shares of the company’s stock valued at $30,792,000 after purchasing an additional 257,164 shares during the last quarter. Guardian Wealth Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 33.4% during the 3rd quarter. Guardian Wealth Advisors LLC now owns 307,666 shares of the company’s stock worth $15,497,000 after buying an additional 76,970 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 15.5% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 742,812 shares of the company’s stock worth $37,415,000 after buying an additional 99,748 shares in the last quarter. Finally, Next Level Wealth Planning LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $110,000. Institutional investors 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.