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

Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw unusually-high trading volume on Tuesday . Approximately 15,589,823 shares were traded during 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 Stock Performance

The business’s 50 day moving average price is $50.52 and its two-hundred day moving average price is $50.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JPST. Thurston Springer Miller Herd & Titak Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth about $25,000. Kennebec Savings Bank purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth about $27,000. Hershey Financial Advisers LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth about $30,000. Triad Wealth Partners LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth about $32,000. Finally, EverSource Wealth Advisors LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 282.3% in the first quarter. EverSource Wealth Advisors LLC now owns 734 shares of the company’s stock worth $37,000 after buying an additional 542 shares during the last quarter.

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.