Midwest Trust Co Buys Shares of 19,032 JPMorgan Ultra-Short Income ETF $JPST

Midwest Trust Co purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,032 shares of the company’s stock, valued at approximately $963,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPST. Cardiff Park Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Jackson Hole Capital Partners LLC bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $28,000. Sittner & Nelson LLC bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $30,000. Motiv8 Investments LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $32,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $38,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.47 on Wednesday. The company has a market cap of $39.89 billion, a price-to-earnings ratio of 109.72 and a beta of 0.01. The firm has a 50-day moving average of $50.49 and a 200-day moving average of $50.57. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year 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.