JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Reaches New 12-Month High – Here’s Why

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) shares reached a new 52-week high on Friday . The stock traded as high as $50.78 and last traded at $50.7750, with a volume of 10762755 shares trading hands. The stock had previously closed at $50.75.

JPMorgan Ultra-Short Income ETF Price Performance

The company has a market capitalization of $36.43 billion, a P/E ratio of 110.39 and a beta of 0.01. The stock’s 50 day simple moving average is $50.68 and its two-hundred day simple moving average is $50.66.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JPST. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at $25,000. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth about $25,000. Jackson Hole Capital Partners LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $28,000. MGB Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $30,000. Finally, Brentview Investment Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at 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.