SFE Investment Counsel Invests $502,000 in JPMorgan Ultra-Short Income ETF $JPST

SFE Investment Counsel acquired a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 9,907 shares of the company’s stock, valued at approximately $502,000.

Other hedge funds also recently made changes to their positions in the company. Arbor Trust Wealth Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $374,000. ZEGA Investments LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 12.1% in the second quarter. ZEGA Investments LLC now owns 74,979 shares of the company’s stock worth $3,800,000 after purchasing an additional 8,088 shares during the period. Prospera Financial Services Inc increased its stake in shares of JPMorgan Ultra-Short Income ETF by 97.7% in the second quarter. Prospera Financial Services Inc now owns 105,162 shares of the company’s stock worth $5,330,000 after purchasing an additional 51,976 shares in the last quarter. Wedbush Securities Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 70.4% in the second quarter. Wedbush Securities Inc. now owns 45,064 shares of the company’s stock worth $2,284,000 after purchasing an additional 18,616 shares in the last quarter. Finally, Nvwm LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 70.5% during the 2nd quarter. Nvwm LLC now owns 68,452 shares of the company’s stock valued at $3,469,000 after purchasing an additional 28,310 shares during the period. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.62 on Friday. The stock has a market cap of $34.19 billion, a price-to-earnings ratio of 110.04 and a beta of 0.01. The firm’s fifty day moving average is $50.67 and its 200 day moving average is $50.60. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.78.

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.