Thrivent Financial for Lutherans increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 286.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,266,826 shares of the company’s stock after purchasing an additional 938,617 shares during the quarter. Thrivent Financial for Lutherans owned 0.18% of JPMorgan Ultra-Short Income ETF worth $64,162,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rossmore Private Capital purchased a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $25,000. Cardiff Park Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $25,000. Jackson Hole Capital Partners LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth $28,000. MGB Wealth Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $30,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Price Performance
Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.50 on Friday. The company’s fifty day simple moving average is $50.53 and its 200-day simple moving average is $50.62. The stock has a market capitalization of $37.53 billion, a PE ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.42 and a 1-year high of $50.79.
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.
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