Lavelle Capital LP Takes $2 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Lavelle Capital LP purchased a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the first quarter, HoldingsChannel.com reports. The fund purchased 39,595 shares of the company’s stock, valued at approximately $2,004,000. JPMorgan Ultra-Short Income ETF accounts for approximately 1.2% of Lavelle Capital LP’s investment portfolio, making the stock its 16th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nicholson Meyer Capital Management Inc. increased its position in JPMorgan Ultra-Short Income ETF by 0.9% during the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after buying an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 2.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after acquiring an additional 221 shares in the last quarter. Whipplewood Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 1.2% in the first quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock worth $936,000 after acquiring an additional 227 shares during the last quarter. Keel Point LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 1.4% in the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after acquiring an additional 239 shares during the last quarter. Finally, Atticus Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 3.2% in the fourth quarter. Atticus Wealth Management LLC now owns 7,897 shares of the company’s stock worth $399,000 after acquiring an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.54 on Friday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.39 and a 1-year high of $50.79. The business has a fifty day moving average price of $50.49 and a 200-day moving average price of $50.56. The company has a market capitalization of $40.41 billion, a PE ratio of 109.87 and a beta of 0.01.

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.