Quantinno Capital Management LP Makes New Investment in JPMorgan Ultra-Short Income ETF $JPST

Quantinno Capital Management LP purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,069 shares of the company’s stock, valued at approximately $1,522,000.

Other hedge funds also recently modified their holdings of the company. Gateway Wealth Partners LLC increased its position in JPMorgan Ultra-Short Income ETF by 186.7% during the first quarter. Gateway Wealth Partners LLC now owns 239,812 shares of the company’s stock worth $12,137,000 after acquiring an additional 156,156 shares during the period. Vawter Financial Ltd. boosted its holdings in JPMorgan Ultra-Short Income ETF by 11.3% in the 1st quarter. Vawter Financial Ltd. now owns 91,108 shares of the company’s stock valued at $4,611,000 after purchasing an additional 9,255 shares during the period. Waverly Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 54.5% in the 1st quarter. Waverly Advisors LLC now owns 1,757,191 shares of the company’s stock worth $88,931,000 after purchasing an additional 619,736 shares during the last quarter. Bridgewater Advisors Inc. grew its position in JPMorgan Ultra-Short Income ETF by 2.8% in the 1st quarter. Bridgewater Advisors Inc. now owns 1,919,555 shares of the company’s stock worth $96,976,000 after purchasing an additional 51,567 shares during the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 215.9% during the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after purchasing an additional 1,921,600 shares during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.46 on Thursday. The company has a 50-day simple moving average of $50.47 and a 200-day simple moving average of $50.54. The firm has a market capitalization of $40.35 billion, a P/E ratio of 109.70 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.39 and a 52 week high of $50.79.

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.