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

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) passed 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.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

The company has a market cap of $43.09 billion, a PE ratio of 109.54 and a beta of 0.01. The business’s 50 day moving average price is $50.38 and its 200-day moving average price is $50.51.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Whipplewood Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 1.2% in the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after buying an additional 227 shares during the last quarter. Blueline Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 9.2% during the third quarter. Blueline Advisors LLC now owns 2,746 shares of the company’s stock valued at $138,000 after acquiring an additional 232 shares in the last quarter. Vista Cima Wealth Management LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 0.7% during the second quarter. Vista Cima Wealth Management LLC now owns 34,917 shares of the company’s stock worth $1,766,000 after acquiring an additional 239 shares during the last quarter. Secured Retirement Advisors LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 5.1% during the first quarter. Secured Retirement Advisors LLC now owns 5,003 shares of the company’s stock worth $253,000 after acquiring an additional 243 shares during the last quarter. Finally, Gerald Baker Financial Group LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 3.1% during the third quarter. Gerald Baker Financial Group LLC now owns 8,382 shares of the company’s stock worth $422,000 after acquiring an additional 255 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

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.