JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Hits New 1-Year High – Should You Buy?

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)’s share price hit a new 52-week high during trading on Friday . The company 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 Trading Up 0.0%

The firm has a market cap of $36.43 billion, a P/E ratio of 110.38 and a beta of 0.01. The stock has a 50 day simple moving average of $50.67 and a 200-day simple moving average of $50.66.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

Several large investors have recently added to or reduced their stakes in the stock. Cardiff Park Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at $25,000. Rossmore Private Capital bought a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $25,000. MGB Wealth Management LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $30,000. Brentview Investment Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $35,000. Finally, Silicon Valley Capital Partners bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth about $37,000. 2.17% of the stock is owned by institutional investors.

About JPMorgan Ultra-Short Income ETF

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.