Independent Financial Group LLC Acquires New Holdings in JPMorgan Ultra-Short Income ETF $JPST

Independent Financial Group LLC acquired a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 267,775 shares of the company’s stock, valued at approximately $13,552,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cardiff Park Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $25,000. Jackson Hole Capital Partners LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $28,000. Sittner & Nelson LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $30,000. Motiv8 Investments LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $38,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.48 on Friday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79. The firm has a market capitalization of $39.90 billion, a PE ratio of 109.74 and a beta of 0.01. The company’s 50 day simple moving average is $50.49 and its 200 day simple moving average is $50.57.

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.