Northstar Financial Companies Inc. Increases Stake in JPMorgan Ultra-Short Income ETF $JPST

Northstar Financial Companies Inc. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 76.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,844 shares of the company’s stock after purchasing an additional 26,435 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 2.4% of Northstar Financial Companies Inc.’s investment portfolio, making the stock its 10th largest position. Northstar Financial Companies Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,079,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of JPST. Mezzasalma Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 70.9% in the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after acquiring an additional 33,446 shares in the last quarter. Webster Bank N. A. increased its stake in JPMorgan Ultra-Short Income ETF by 27.0% during the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock worth $5,430,000 after acquiring an additional 22,815 shares during the last quarter. Buck Wealth Strategies LLC raised its position in JPMorgan Ultra-Short Income ETF by 7.3% during the fourth quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock valued at $14,367,000 after purchasing an additional 19,402 shares during the period. Optima Capital LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $3,485,000. Finally, Greenberg Financial Group bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $1,544,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.47 on Wednesday. The stock has a market cap of $39.89 billion, a price-to-earnings ratio of 109.72 and a beta of 0.01. The stock has a 50 day moving average price of $50.49 and a 200-day moving average price of $50.57. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one 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.