AlphaCore Capital LLC Grows Position in JPMorgan Ultra-Short Income ETF $JPST

AlphaCore Capital LLC grew its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 239.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 649,655 shares of the company’s stock after purchasing an additional 458,272 shares during the period. AlphaCore Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $32,980,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Blue Water Asset Management purchased a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $7,183,000. USAdvisors Wealth Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 14.5% in the 4th quarter. USAdvisors Wealth Management LLC now owns 60,364 shares of the company’s stock worth $3,053,000 after purchasing an additional 7,647 shares in the last quarter. Bedminster LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $278,000. SkyOak Wealth LLC boosted its position in JPMorgan Ultra-Short Income ETF by 7.1% in the 4th quarter. SkyOak Wealth LLC now owns 544,898 shares of the company’s stock worth $27,566,000 after purchasing an additional 36,330 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in JPMorgan Ultra-Short Income ETF by 286.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,266,826 shares of the company’s stock worth $64,162,000 after purchasing an additional 938,617 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

JPMorgan Ultra-Short Income ETF stock opened at $50.50 on Friday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.42 and a 12 month high of $50.79. The firm has a market cap of $37.53 billion, a PE ratio of 109.78 and a beta of 0.01. The stock’s 50 day simple moving average is $50.53 and its two-hundred day simple moving average is $50.62.

JPMorgan Ultra-Short Income ETF 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.