JPMorgan Ultra-Short Income ETF $JPST Stake Boosted by McCarthy Asset Management Inc.

McCarthy Asset Management Inc. increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.3% during the second quarter, HoldingsChannel reports. The firm owned 93,102 shares of the company’s stock after acquiring an additional 1,236 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 3.2% of McCarthy Asset Management Inc.’s holdings, making the stock its 9th biggest position. McCarthy Asset Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of JPST. Chelsea Counsel Co. purchased a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $25,000. Pandora Wealth Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $34,000. Cooksen Wealth LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $36,000. Frazier Financial Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $41,000. Finally, TD Private Client Wealth LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $48,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of NYSEARCA JPST opened at $50.74 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.76. The firm has a market capitalization of $34.27 billion, a PE ratio of 110.30 and a beta of 0.03. The business has a 50-day moving average price of $50.68 and a two-hundred day moving average price of $50.58.

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.