Caerus Investment Advisors LLC Buys Shares of 15,564 JPMorgan Ultra-Short Income ETF $JPST

Caerus Investment Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 15,564 shares of the company’s stock, valued at approximately $788,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Webster Bank N. A. increased its position in shares of JPMorgan Ultra-Short Income ETF by 27.0% during the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock valued at $5,430,000 after acquiring an additional 22,815 shares during the last quarter. Mezzasalma Advisors LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 70.9% in the 4th quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock valued at $4,082,000 after acquiring an additional 33,446 shares during the period. Buck Wealth Strategies LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 7.3% in the 4th quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock valued at $14,367,000 after acquiring an additional 19,402 shares during the period. Optima Capital LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $3,485,000. Finally, Greenberg Financial Group acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $1,544,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.54 on Friday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.79. The company has a 50 day moving average price of $50.49 and a 200 day moving average price of $50.56. The stock has a market capitalization of $40.41 billion, a P/E ratio of 109.87 and a beta of 0.01.

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.