JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sees Large Volume Increase – Here’s Why

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) shares saw strong trading volume on Wednesday . 2,753,833 shares traded hands during trading, a decline of 30% from the previous session’s volume of 3,962,090 shares.The stock last traded at $50.58 and had previously closed at $50.60.

JPMorgan Ultra-Short Income ETF Trading Down 0.0 %

The firm’s 50-day moving average is $50.59 and its 200 day moving average is $50.47.

Institutional Inflows and Outflows

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

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.