JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Reaches New 12-Month High at $50.74

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)’s stock price hit a new 52-week high on Monday . The company traded as high as $50.74 and last traded at $50.74, with a volume of 3718 shares traded. The stock had previously closed at $50.70.

JPMorgan Ultra-Short Income ETF Price Performance

The business has a 50-day simple moving average of $50.57 and a two-hundred day simple moving average of $50.44.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

Several large investors have recently made changes to their positions in JPST. JPMorgan Chase & Co. raised its position in shares of JPMorgan Ultra-Short Income ETF by 30.0% during the first quarter. JPMorgan Chase & Co. now owns 45,690,839 shares of the company’s stock worth $2,305,103,000 after purchasing an additional 10,546,138 shares during the period. LPL Financial LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 13.5% during the 2nd quarter. LPL Financial LLC now owns 10,382,964 shares of the company’s stock worth $524,028,000 after buying an additional 1,235,482 shares during the period. HB Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 5.8% during the first quarter. HB Wealth Management LLC now owns 8,076,454 shares of the company’s stock valued at $405,234,000 after buying an additional 443,033 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 37.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,833,237 shares of the company’s stock worth $243,837,000 after buying an additional 1,317,710 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of JPMorgan Ultra-Short Income ETF by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 3,615,274 shares of the company’s stock worth $182,463,000 after acquiring an additional 14,611 shares in the last quarter.

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.