ZEGA Investments LLC Raises Position in JPMorgan Ultra-Short Income ETF $JPST

ZEGA Investments LLC grew its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,979 shares of the company’s stock after purchasing an additional 8,088 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 0.5% of ZEGA Investments LLC’s portfolio, making the stock its 20th biggest position. ZEGA Investments LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Chelsea Counsel Co. bought a new position in JPMorgan Ultra-Short Income ETF during the first quarter valued at $25,000. Pandora Wealth Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $34,000. Frazier Financial Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth about $41,000. Quaker Wealth Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 173.1% during the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after buying an additional 1,906 shares during the period. Finally, TD Private Client Wealth LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $48,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.62 on Friday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.78. The company has a market cap of $34.19 billion, a price-to-earnings ratio of 110.04 and a beta of 0.01. The business’s 50 day moving average price is $50.67 and its 200-day moving average price is $50.60.

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.