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

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw an uptick in trading volume on Tuesday . 15,589,823 shares were traded during mid-day trading, an increase of 268% from the previous session’s volume of 4,232,771 shares.The stock last traded at $50.42 and had previously closed at $50.41.

JPMorgan Ultra-Short Income ETF Price Performance

The company has a fifty day moving average price of $50.54 and a two-hundred day moving average price of $50.50.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of JPST. LPL Financial LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 13.5% in the 2nd quarter. LPL Financial LLC now owns 10,382,964 shares of the company’s stock valued at $524,028,000 after acquiring an additional 1,235,482 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 22.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,755,150 shares of the company’s stock valued at $292,016,000 after buying an additional 1,053,392 shares during the period. Spire Wealth Management raised its position in shares of JPMorgan Ultra-Short Income ETF by 207.5% during the 2nd quarter. Spire Wealth Management now owns 1,515,432 shares of the company’s stock worth $76,484,000 after purchasing an additional 1,022,638 shares during the period. Temasek Holdings Private Ltd bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at $50,075,000. Finally, ACT Advisors LLC. acquired a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $32,356,000.

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.