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

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw an uptick in trading volume on Wednesday . 13,193,496 shares changed hands during mid-day trading, an increase of 202% from the previous session’s volume of 4,364,281 shares.The stock last traded at $50.51 and had previously closed at $50.50.

JPMorgan Ultra-Short Income ETF Price Performance

The business’s 50 day moving average is $50.50 and its 200 day moving average is $50.50.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Independent Solutions Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $521,000. Garden State Investment Advisory Services LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 13.0% in the third quarter. Garden State Investment Advisory Services LLC now owns 6,879 shares of the company’s stock worth $349,000 after acquiring an additional 789 shares during the period. Franklin Resources Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.5% during the third quarter. Franklin Resources Inc. now owns 456,509 shares of the company’s stock worth $23,072,000 after purchasing an additional 6,738 shares during the last quarter. Peapack Gladstone Financial Corp lifted its position in JPMorgan Ultra-Short Income ETF by 7.0% during the third quarter. Peapack Gladstone Financial Corp now owns 503,296 shares of the company’s stock valued at $25,537,000 after purchasing an additional 32,832 shares during the period. Finally, Synovus Financial Corp grew its position in JPMorgan Ultra-Short Income ETF by 80.4% during the 3rd quarter. Synovus Financial Corp now owns 623,010 shares of the company’s stock worth $31,611,000 after purchasing an additional 277,669 shares during the period.

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.