NavPoint Financial Inc. raised its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 4.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 264,941 shares of the company’s stock after acquiring an additional 10,972 shares during the period. JPMorgan Ultra-Short Income ETF comprises 5.4% of NavPoint Financial Inc.’s holdings, making the stock its 5th largest position. NavPoint Financial Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,409,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of JPST. Cardiff Park Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $25,000. Jackson Hole Capital Partners LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $28,000. Sittner & Nelson LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $30,000. Motiv8 Investments LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $38,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.
JPMorgan Ultra-Short Income ETF Stock Down 0.3%
Shares of JPST opened at $50.40 on Thursday. The company has a market capitalization of $39.15 billion, a P/E ratio of 109.57 and a beta of 0.01. The firm has a 50 day moving average of $50.52 and a 200 day moving average of $50.59. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.39 and a twelve month 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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Want to see what other hedge funds are holding JPST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report).
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