Cooper Financial Group Reduces Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Cooper Financial Group cut its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 355,291 shares of the company’s stock after selling 12,562 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 1.5% of Cooper Financial Group’s investment portfolio, making the stock its 18th largest holding. Cooper Financial Group’s holdings in JPMorgan Ultra-Short Income ETF were worth $17,967,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Webster Bank N. A. increased its position in JPMorgan Ultra-Short Income ETF by 27.0% during the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock valued at $5,430,000 after acquiring an additional 22,815 shares during the last quarter. Buck Wealth Strategies LLC boosted its position in JPMorgan Ultra-Short Income ETF by 7.3% in the fourth quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock worth $14,367,000 after purchasing an additional 19,402 shares during the last quarter. Optima Capital LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $3,485,000. Greenberg Financial Group bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $1,544,000. Finally, Private Trust Co. NA grew its stake in shares of JPMorgan Ultra-Short Income ETF by 48.2% during the 4th quarter. Private Trust Co. NA now owns 38,955 shares of the company’s stock valued at $1,971,000 after purchasing an additional 12,666 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

NYSEARCA JPST opened at $50.40 on Friday. The company has a 50-day moving average price of $50.48 and a 200-day moving average price of $50.55. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.39 and a 52 week high of $50.79. The firm has a market capitalization of $40.30 billion, a P/E ratio of 109.57 and a beta of 0.01.

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.