JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sees Unusually-High Trading Volume

Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw unusually-strong trading volume on Tuesday . Approximately 3,130,844 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 3,747,461 shares.The stock last traded at $50.49 and had previously closed at $50.48.

JPMorgan Ultra-Short Income ETF Price Performance

The stock’s 50 day moving average price is $50.39 and its 200 day moving average price is $50.36.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of JPST. JPMorgan Chase & Co. raised its holdings in JPMorgan Ultra-Short Income ETF by 30.0% during the first quarter. JPMorgan Chase & Co. now owns 45,690,839 shares of the company’s stock worth $2,305,103,000 after buying an additional 10,546,138 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in JPMorgan Ultra-Short Income ETF by 29.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,457,071 shares of the company’s stock worth $675,949,000 after buying an additional 3,081,352 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $93,574,000. Cetera Investment Advisers raised its holdings in JPMorgan Ultra-Short Income ETF by 927.2% during the first quarter. Cetera Investment Advisers now owns 1,790,596 shares of the company’s stock worth $90,336,000 after buying an additional 1,616,273 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 37.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,833,237 shares of the company’s stock worth $243,837,000 after buying an additional 1,317,710 shares during 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.