Gerald Baker Financial Group LLC purchased a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,998 shares of the company’s stock, valued at approximately $504,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SteelPeak Wealth LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 24.8% in the 1st quarter. SteelPeak Wealth LLC now owns 14,211 shares of the company’s stock valued at $719,000 after buying an additional 2,825 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 27.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 23,449 shares of the company’s stock worth $1,183,000 after acquiring an additional 5,000 shares during the period. Independent Financial Group LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $13,552,000. Noesis Capital Mangement Corp raised its position in JPMorgan Ultra-Short Income ETF by 17.1% during the first quarter. Noesis Capital Mangement Corp now owns 313,764 shares of the company’s stock valued at $15,880,000 after acquiring an additional 45,845 shares in the last quarter. Finally, Lane Brothers & Co. Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF by 5.8% in the first quarter. Lane Brothers & Co. Inc. now owns 351,003 shares of the company’s stock valued at $17,764,000 after acquiring an additional 19,097 shares during the period. 2.17% of the stock is owned by institutional investors and hedge funds.
JPMorgan Ultra-Short Income ETF Stock Performance
JPMorgan Ultra-Short Income ETF stock opened at $50.48 on Friday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79. The stock’s 50 day simple moving average is $50.49 and its two-hundred day simple moving average is $50.57. The firm has a market cap of $39.90 billion, a PE ratio of 109.74 and a beta of 0.01.
JPMorgan Ultra-Short Income ETF Company 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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