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

Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw unusually-high trading volume on Wednesday . Approximately 13,193,496 shares were traded during 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 Stock Performance

The company has a 50 day simple moving average of $50.50 and a two-hundred day simple moving average of $50.50.

Institutional Trading of 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. Concourse Financial Group Securities Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 8.9% in the second quarter. Concourse Financial Group Securities Inc. now owns 9,284 shares of the company’s stock worth $469,000 after purchasing an additional 760 shares during the period. GYL Financial Synergies LLC increased its stake in JPMorgan Ultra-Short Income ETF by 14.1% in the 2nd quarter. GYL Financial Synergies LLC now owns 6,360 shares of the company’s stock worth $321,000 after buying an additional 785 shares during the period. Etesian Wealth Advisors Inc. lifted its holdings 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 valued at $322,000 after buying an additional 213 shares in the last quarter. Fullcircle Wealth LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $227,000. Finally, Aries Wealth Management grew its stake in JPMorgan Ultra-Short Income ETF by 6.7% in the 2nd quarter. Aries Wealth Management now owns 29,580 shares of the company’s stock worth $1,493,000 after acquiring an additional 1,860 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.