Hixon Zuercher LLC Boosts Position in JPMorgan Ultra-Short Income ETF $JPST

Hixon Zuercher LLC raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 62,340 shares of the company’s stock after purchasing an additional 3,229 shares during the period. Hixon Zuercher LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,159,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Chelsea Counsel Co. purchased a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at about $25,000. Pandora Wealth Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $34,000. Cooksen Wealth LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $36,000. Frazier Financial Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $41,000. Finally, TD Private Client Wealth LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $48,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.74 on Friday. The business’s fifty day moving average price is $50.68 and its two-hundred day moving average price is $50.58. The stock has a market cap of $34.27 billion, a PE ratio of 110.30 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.76.

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.