ZEGA Investments LLC Reduces Stock Position in JPMorgan Ultra-Short Income ETF $JPST

ZEGA Investments LLC reduced its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 90.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,505 shares of the company’s stock after selling 67,474 shares during the period. ZEGA Investments LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $381,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brentview Investment Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $35,000. Silicon Valley Capital Partners acquired a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $37,000. American National Bank & Trust purchased a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $38,000. Frazier Financial Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $41,000. Finally, Quaker Wealth Management LLC grew its stake in shares of 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 purchasing an additional 1,906 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.65 on Tuesday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.78. The company has a 50 day moving average price of $50.66 and a 200-day moving average price of $50.65. The firm has a market cap of $35.87 billion, a price-to-earnings ratio of 110.11 and a beta of 0.01.

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.