84,093 JPMorgan Ultra-Short Income ETF $JPST Shares Acquired by Worth Asset Management LLC

Worth Asset Management LLC raised its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 81.2% during the third quarter, HoldingsChannel.com reports. The fund owned 187,616 shares of the company’s stock after acquiring an additional 84,093 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 2.8% of Worth Asset Management LLC’s holdings, making the stock its 6th largest position. Worth Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,450,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Strengthening Families & Communities LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $28,000. Motiv8 Investments LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $32,000. Beacon Financial Strategies CORP bought a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $34,000. Allied Private Wealth LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at about $38,000. Finally, Rice Partnership LLC boosted its position in JPMorgan Ultra-Short Income ETF by 327.5% in the first quarter. Rice Partnership LLC now owns 855 shares of the company’s stock valued at $43,000 after buying an additional 655 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock traded up $0.03 during trading hours on Wednesday, hitting $50.27. 3,578,297 shares of the stock were exchanged, compared to its average volume of 6,791,927. The stock has a market capitalization of $42.06 billion, a P/E ratio of 109.29 and a beta of 0.01. The business’s 50-day moving average is $50.42 and its two-hundred day moving average is $50.48. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.79.

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.