Slow Capital Inc. Buys Shares of 34,533 JPMorgan Ultra-Short Income ETF $JPST

Slow Capital Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 34,533 shares of the company’s stock, valued at approximately $1,750,000.

A number of other hedge funds have also modified their holdings of the stock. First Citizens Bank & Trust Co. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth $650,000. Centricity Wealth Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 9.0% during the first quarter. Centricity Wealth Management LLC now owns 100,369 shares of the company’s stock worth $5,082,000 after purchasing an additional 8,276 shares during the period. NewSquare Capital LLC grew its stake in JPMorgan Ultra-Short Income ETF by 158.2% in the 1st quarter. NewSquare Capital LLC now owns 24,220 shares of the company’s stock valued at $1,226,000 after buying an additional 14,838 shares during the last quarter. Portside Wealth Group LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 5.2% in the first quarter. Portside Wealth Group LLC now owns 407,333 shares of the company’s stock worth $20,623,000 after purchasing an additional 19,989 shares during the period. Finally, Farther Finance Advisors LLC increased its position in JPMorgan Ultra-Short Income ETF by 36.4% during the first quarter. Farther Finance Advisors LLC now owns 42,383 shares of the company’s stock worth $2,138,000 after acquiring an additional 11,310 shares during the period. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.61 on Tuesday. The business’s 50-day simple moving average is $50.65 and its 200 day simple moving average is $50.57. The company has a market cap of $34.13 billion, a PE ratio of 110.02 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.76.

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.