JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Patten & Patten Inc. TN

Patten & Patten Inc. TN grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 176.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,576 shares of the company’s stock after buying an additional 30,979 shares during the quarter. Patten & Patten Inc. TN’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,464,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Rossmore Private Capital bought a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $25,000. Brentview Investment Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $35,000. Silicon Valley Capital Partners acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $37,000. American National Bank & Trust acquired a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth about $38,000. Finally, Frazier Financial Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth about $41,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of NYSEARCA JPST opened at $50.72 on Friday. The stock’s 50 day moving average price is $50.67 and its two-hundred day moving average price is $50.66. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78. The stock has a market capitalization of $36.18 billion, a P/E ratio of 110.26 and a beta of 0.01.

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.