JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sees Strong Trading Volume – Still a Buy?

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) shares saw unusually-high trading volume on Thursday . Approximately 4,898,769 shares were traded during mid-day trading, an increase of 24% from the previous session’s volume of 3,957,023 shares.The stock last traded at $50.56 and had previously closed at $50.57.

JPMorgan Ultra-Short Income ETF Trading Up 0.0 %

The company has a fifty day moving average price of $50.59 and a 200 day moving average price of $50.45.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

Several large investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $25,000. LRI Investments LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the first quarter worth about $30,000. Hershey Financial Advisers LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $30,000. Triad Wealth Partners LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $32,000. Finally, EverSource Wealth Advisors LLC increased its stake in JPMorgan Ultra-Short Income ETF by 282.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 734 shares of the company’s stock valued at $37,000 after buying an additional 542 shares during the period.

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.