Money Concepts Capital Corp Boosts Position in JPMorgan Ultra-Short Income ETF $JPST

Money Concepts Capital Corp increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 178.9% during the 1st quarter, HoldingsChannel reports. The fund owned 112,724 shares of the company’s stock after acquiring an additional 72,304 shares during the quarter. Money Concepts Capital Corp’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,705,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Nicholson Meyer Capital Management Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 0.9% during the first quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock worth $1,128,000 after purchasing an additional 202 shares during the period. Lakeridge Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 4.5% in the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock valued at $241,000 after buying an additional 206 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 2.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock valued at $434,000 after buying an additional 221 shares during the period. Lantern Wealth Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.0% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock worth $240,000 after buying an additional 226 shares during the last quarter. Finally, Keel Point LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after buying an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.45 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year high of $50.79. The firm has a market cap of $39.70 billion, a PE ratio of 109.67 and a beta of 0.01. The firm’s 50 day moving average price is $50.50 and its 200-day moving average price is $50.58.

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.