Principle Wealth Partners LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,932 shares of the company’s stock, valued at approximately $857,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPST. Rossmore Private Capital purchased a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. Cardiff Park Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $28,000. MGB Wealth Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $30,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $38,000. 2.17% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Ultra-Short Income ETF Trading Down 0.0%
Shares of JPST stock opened at $50.53 on Friday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.42 and a 12 month high of $50.79. The stock has a market cap of $37.56 billion, a P/E ratio of 109.85 and a beta of 0.01. The company has a 50 day simple moving average of $50.53 and a two-hundred day simple moving average of $50.62.
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.
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