Clarus Group Inc. lessened its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 1.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 463,748 shares of the company’s stock after selling 8,891 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 8.6% of Clarus Group Inc.’s portfolio, making the stock its 3rd largest holding. Clarus Group Inc. owned approximately 0.07% of JPMorgan Ultra-Short Income ETF worth $23,503,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the stock. Chelsea Counsel Co. bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at about $25,000. Pandora Wealth Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at about $34,000. Cooksen Wealth LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at about $36,000. TD Private Client Wealth LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $48,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at about $68,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Stock Performance
Shares of JPST opened at $50.73 on Thursday. The company has a market cap of $32.39 billion, a PE ratio of 110.28 and a beta of 0.03. The stock has a 50-day moving average price of $50.64 and a 200-day moving average price of $50.56. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.75.
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.
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