Moors & Cabot Inc. raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 19.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 8,603 shares of the company’s stock after acquiring an additional 1,405 shares during the period. Moors & Cabot Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Chelsea Counsel Co. bought a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $25,000. Pandora Wealth Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth $34,000. Frazier Financial Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth $41,000. Quaker Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 173.1% in the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after acquiring an additional 1,906 shares during the period. Finally, TD Private Client Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at $48,000. Institutional investors own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Stock Performance
NYSEARCA:JPST opened at $50.62 on Friday. The business’s fifty day moving average is $50.67 and its 200 day moving average is $50.60. The firm has a market cap of $34.19 billion, a price-to-earnings ratio of 110.04 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78.
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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