Rose Capital Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,742 shares of the company’s stock, valued at approximately $543,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPST. Cardiff Park Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $25,000. Strengthening Families & Communities LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $28,000. Sittner & Nelson LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $30,000. Motiv8 Investments LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $32,000. Finally, Beacon Financial Strategies CORP acquired a new position in JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $34,000. 2.17% of the stock is currently owned by institutional investors.
JPMorgan Ultra-Short Income ETF Price Performance
JPST stock opened at $50.39 on Friday. The company has a market cap of $40.29 billion, a price-to-earnings ratio of 109.54 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.35 and a twelve month high of $50.79. The business has a 50 day moving average price of $50.48 and a two-hundred day moving average price of $50.52.
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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