Dakota Wealth Management grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 17.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 423,600 shares of the company’s stock after purchasing an additional 63,388 shares during the period. Dakota Wealth Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $21,468,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of JPST. Ameriflex Group Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $85,000. Wealthedge Investment Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $2,366,000. Northstar Financial Companies Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $474,000. Keystone Financial Services LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $3,195,000. Finally, NorthCrest Asset Manangement LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $365,000. 2.17% of the stock is owned by institutional investors and hedge funds.
JPMorgan Ultra-Short Income ETF Price Performance
Shares of JPST opened at $50.73 on Thursday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.75. The company has a market capitalization of $32.39 billion, a price-to-earnings ratio of 110.28 and a beta of 0.03. The stock’s 50-day moving average price is $50.64 and its 200-day moving average price is $50.56.
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.
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