JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sees Unusually-High Trading Volume – Here’s Why

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) shares saw unusually-high trading volume on Monday . 17,884,232 shares traded hands during trading, an increase of 224% from the previous session’s volume of 5,525,362 shares.The stock last traded at $50.46 and had previously closed at $50.43.

JPMorgan Ultra-Short Income ETF Stock Down 0.0 %

The stock has a 50-day simple moving average of $50.48 and a 200 day simple moving average of $50.52.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

Large investors have recently made changes to their positions in the stock. Guardian Wealth Advisors LLC increased its stake in JPMorgan Ultra-Short Income ETF by 25.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 41,232 shares of the company’s stock worth $2,077,000 after purchasing an additional 8,276 shares during the period. Essex LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 5.5% during the fourth quarter. Essex LLC now owns 230,834 shares of the company’s stock worth $11,627,000 after buying an additional 12,054 shares in the last quarter. Bridgewater Advisors Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 11.2% during the fourth quarter. Bridgewater Advisors Inc. now owns 1,922,583 shares of the company’s stock worth $96,956,000 after buying an additional 193,580 shares during the period. Whittier Trust Co. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 29.5% in the 3rd quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock valued at $66,000 after purchasing an additional 295 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $412,000.

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.