GEM Asset Management LLC Grows Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

GEM Asset Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.0% in the 2nd quarter, Holdings Channel reports. The firm owned 8,049 shares of the company’s stock after buying an additional 311 shares during the period. GEM Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in JPST. Chelsea Counsel Co. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $25,000. Pandora Wealth Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $34,000. Cooksen Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $36,000. Opal Wealth Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $68,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 58.9% during the first quarter. Sunbelt Securities Inc. now owns 1,433 shares of the company’s stock valued at $73,000 after purchasing an additional 531 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPST opened at $50.69 on Tuesday. The firm has a 50 day moving average price of $50.62 and a 200-day moving average price of $50.55. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.75. The stock has a market capitalization of $32.37 billion, a price-to-earnings ratio of 110.20 and a beta of 0.03.

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.