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

Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) 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 company’s 50-day simple moving average is $50.56 and its 200 day simple moving average is $50.48.

Institutional Trading of JPMorgan Ultra-Short Income ETF

Large investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. grew its position in shares of JPMorgan Ultra-Short Income ETF by 0.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 524,400 shares of the company’s stock worth $26,608,000 after buying an additional 3,285 shares in the last quarter. Noesis Capital Mangement Corp grew its position in JPMorgan Ultra-Short Income ETF by 1.3% during the 3rd quarter. Noesis Capital Mangement Corp now owns 174,344 shares of the company’s stock worth $8,846,000 after purchasing an additional 2,180 shares during the last quarter. RPg Family Wealth Advisory LLC increased its stake in JPMorgan Ultra-Short Income ETF by 3.6% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 277,219 shares of the company’s stock valued at $14,066,000 after purchasing an additional 9,509 shares in the last quarter. Townsquare Capital LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.0% in the third quarter. Townsquare Capital LLC now owns 2,399,169 shares of the company’s stock worth $121,734,000 after buying an additional 24,874 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 41.2% during the third quarter. BNP Paribas Financial Markets now owns 784,410 shares of the company’s stock worth $39,801,000 after buying an additional 228,981 shares during the period.

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.