NewEdge Advisors LLC increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 9.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,260,051 shares of the company’s stock after acquiring an additional 106,107 shares during the quarter. NewEdge Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $63,721,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Strengthening Families & Communities LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $28,000. Sittner & Nelson LLC bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth $30,000. Motiv8 Investments LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $32,000. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $34,000. 2.17% of the stock is owned by institutional investors and hedge funds.
JPMorgan Ultra-Short Income ETF Price Performance
Shares of JPST stock opened at $50.38 on Wednesday. JPMorgan Ultra-Short Income ETF has a one year low of $50.35 and a one year high of $50.79. The firm has a market cap of $40.28 billion, a price-to-earnings ratio of 109.52 and a beta of 0.01. The stock’s fifty day simple moving average is $50.47 and its 200 day simple moving average is $50.52.
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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