Financial Connections Group Inc. lowered its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 7.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 152,150 shares of the company’s stock after selling 11,941 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 2.7% of Financial Connections Group Inc.’s holdings, making the stock its 12th biggest position. Financial Connections Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,700,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the business. Cardiff Park Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth $25,000. Jackson Hole Capital Partners LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $28,000. Sittner & Nelson LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $30,000. Motiv8 Investments LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $38,000. 2.17% of the stock is owned by institutional investors.
JPMorgan Ultra-Short Income ETF Stock Performance
JPMorgan Ultra-Short Income ETF stock opened at $50.45 on Friday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.39 and a 52 week high of $50.79. The stock has a market capitalization of $39.70 billion, a P/E ratio of 109.67 and a beta of 0.01. The stock has a 50-day simple moving average of $50.50 and a 200 day simple moving average of $50.58.
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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