JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sees Unusually-High Trading Volume – Should You Buy?

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) shares saw an uptick in trading volume on Wednesday . 2,753,833 shares were traded during mid-day 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 Stock Up 0.0 %

The company has a fifty day simple moving average of $50.59 and a two-hundred day simple moving average of $50.47.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

A number of institutional investors have recently modified their holdings of JPST. Transform Wealth LLC grew its position in JPMorgan Ultra-Short Income ETF by 1.9% during the 2nd quarter. Transform Wealth LLC now owns 10,917 shares of the company’s stock worth $551,000 after acquiring an additional 200 shares during the last quarter. InTrack Investment Management Inc grew its position in JPMorgan Ultra-Short Income ETF by 2.4% during the 2nd quarter. InTrack Investment Management Inc now owns 8,992 shares of the company’s stock worth $454,000 after acquiring an additional 209 shares during the last quarter. Etesian Wealth Advisors Inc. grew its position in JPMorgan Ultra-Short Income ETF by 3.4% during the 2nd quarter. Etesian Wealth Advisors Inc. now owns 6,387 shares of the company’s stock worth $322,000 after acquiring an additional 213 shares during the last quarter. Hayek Kallen Investment Management grew its position in JPMorgan Ultra-Short Income ETF by 0.3% during the 3rd quarter. Hayek Kallen Investment Management now owns 76,493 shares of the company’s stock worth $3,881,000 after acquiring an additional 219 shares during the last quarter. Finally, Thompson Davis & CO. Inc. grew its position in JPMorgan Ultra-Short Income ETF by 3.2% during the 1st quarter. Thompson Davis & CO. Inc. now owns 7,452 shares of the company’s stock worth $376,000 after acquiring an additional 230 shares during 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.