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

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) shares saw unusually-high trading volume on Thursday . Approximately 3,116,588 shares traded hands during trading, a decline of 23% from the previous session’s volume of 4,065,578 shares.The stock last traded at $50.48 and had previously closed at $50.46.

JPMorgan Ultra-Short Income ETF Stock Performance

The firm’s fifty day moving average price is $50.56 and its 200 day moving average price is $50.48.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Greenwood Gearhart Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF by 5.7% during the third quarter. Greenwood Gearhart Inc. now owns 632,978 shares of the company’s stock valued at $32,117,000 after acquiring an additional 34,355 shares during the period. Continuum Advisory LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 20.6% during the 3rd quarter. Continuum Advisory LLC now owns 31,611 shares of the company’s stock valued at $1,595,000 after purchasing an additional 5,395 shares during the period. MML Investors Services LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 18.5% in the 3rd quarter. MML Investors Services LLC now owns 943,195 shares of the company’s stock valued at $47,858,000 after buying an additional 147,009 shares during the last quarter. Laraway Financial Advisors Inc boosted its position in shares of JPMorgan Ultra-Short Income ETF by 3.4% in the third quarter. Laraway Financial Advisors Inc now owns 19,828 shares of the company’s stock valued at $1,006,000 after acquiring an additional 659 shares during the period. Finally, MCIA Inc acquired a new stake in JPMorgan Ultra-Short Income ETF during the third quarter worth about $848,000.

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.