Fortitude Family Office LLC Buys 18,754 Shares of JPMorgan Ultra-Short Income ETF $JPST

Fortitude Family Office LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 42.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,092 shares of the company’s stock after buying an additional 18,754 shares during the period. Fortitude Family Office LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,178,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of JPST. Adventist Health System Sunbelt Healthcare Corp raised its position in JPMorgan Ultra-Short Income ETF by 215.9% in the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after buying an additional 1,921,600 shares during the last quarter. John A. Wolfe & Associates Inc. purchased a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth $63,540,000. Fluent Financial LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 454.3% during the 3rd quarter. Fluent Financial LLC now owns 1,217,803 shares of the company’s stock worth $61,341,000 after acquiring an additional 998,097 shares during the last quarter. Kensington Asset Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 71.7% in the 1st quarter. Kensington Asset Management LLC now owns 1,994,639 shares of the company’s stock worth $100,949,000 after acquiring an additional 832,640 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 65.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,925,152 shares of the company’s stock worth $97,393,000 after acquiring an additional 761,030 shares in 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 JPST stock opened at $50.30 on Thursday. The firm has a 50-day moving average of $50.40 and a 200-day moving average of $50.46. The company has a market cap of $42.43 billion, a P/E ratio of 109.35 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.79.

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.