JPMorgan Ultra-Short Income ETF $JPST Shares Bought by BayBridge Capital Group LLC

BayBridge Capital Group LLC boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 34.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,796 shares of the company’s stock after buying an additional 30,751 shares during the period. JPMorgan Ultra-Short Income ETF makes up 3.2% of BayBridge Capital Group LLC’s holdings, making the stock its 7th biggest holding. BayBridge Capital Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,058,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Prosperitas Financial LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $1,874,000. TPG Financial Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 60.0% in the 4th quarter. TPG Financial Advisors LLC now owns 48,492 shares of the company’s stock valued at $2,453,000 after buying an additional 18,183 shares during the period. Investment Advisory Services Group LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $9,437,000. First Business Financial Services Inc. increased its position in JPMorgan Ultra-Short Income ETF by 7.3% in the 4th quarter. First Business Financial Services Inc. now owns 217,698 shares of the company’s stock valued at $11,013,000 after buying an additional 14,901 shares in the last quarter. Finally, Novare Capital Management LLC increased its position in JPMorgan Ultra-Short Income ETF by 17.2% in the 4th quarter. Novare Capital Management LLC now owns 93,523 shares of the company’s stock valued at $4,731,000 after buying an additional 13,705 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.38 on Wednesday. The stock’s 50 day simple moving average is $50.47 and its 200 day simple moving average is $50.52. The company has a market cap of $40.28 billion, a P/E ratio of 109.52 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.35 and a fifty-two week high of $50.79.

About JPMorgan Ultra-Short Income ETF

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.