98,190 Shares in JPMorgan Ultra-Short Income ETF $JPST Purchased by Martin Investment Management LLC

Martin Investment Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 98,190 shares of the company’s stock, valued at approximately $4,967,000. JPMorgan Ultra-Short Income ETF comprises approximately 1.3% of Martin Investment Management LLC’s investment portfolio, making the stock its 26th biggest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JPST. Millennium Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after purchasing an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $3,603,000. EverSource Wealth Advisors LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 99.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after purchasing an additional 496 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $203,000. Finally, Brown Advisory Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 7.6% during the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after purchasing an additional 431 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Down 0.4%

Shares of JPST stock opened at $50.44 on Tuesday. The company has a 50 day moving average of $50.53 and a 200-day moving average of $50.61. 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 $37.49 billion, a P/E ratio of 109.65 and a beta of 0.01.

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.