TBH Global Asset Management LLC Takes $1.06 Million Position in JPMorgan Ultra-Short Income ETF $JPST

TBH Global Asset Management LLC bought a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 20,799 shares of the company’s stock, valued at approximately $1,055,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chelsea Counsel Co. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at about $25,000. Brentview Investment Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $35,000. Silicon Valley Capital Partners purchased a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $37,000. Frazier Financial Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $41,000. Finally, Quaker Wealth Management LLC raised its position in JPMorgan Ultra-Short Income ETF by 173.1% during the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after buying an additional 1,906 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of NYSEARCA JPST opened at $50.78 on Wednesday. The company has a 50 day simple moving average of $50.68 and a two-hundred day simple moving average of $50.64. The stock has a market cap of $34.30 billion, a price-to-earnings ratio of 110.39 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.78.

JPMorgan Ultra-Short Income ETF Company 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.