Mcmorgan & Co. LLC boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 49.1% during the 2nd quarter, Holdings Channel reports. The fund owned 668,362 shares of the company’s stock after buying an additional 220,226 shares during the period. JPMorgan Ultra-Short Income ETF makes up 5.1% of Mcmorgan & Co. LLC’s portfolio, making the stock its 6th largest holding. Mcmorgan & Co. LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $33,799,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Cardiff Park Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $25,000. Jackson Hole Capital Partners LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $28,000. Sittner & Nelson LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $30,000. Motiv8 Investments LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $32,000. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $34,000. 2.17% of the stock is currently owned by institutional investors.
JPMorgan Ultra-Short Income ETF Stock Performance
Shares of NYSEARCA JPST opened at $50.54 on Tuesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.79. The stock has a market cap of $40.41 billion, a price-to-earnings ratio of 109.87 and a beta of 0.01. The firm’s 50-day simple moving average is $50.48 and its 200 day simple moving average is $50.53.
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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