COFG Advisors LLC Takes Position in JPMorgan Ultra-Short Income ETF $JPST

COFG Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,451 shares of the company’s stock, valued at approximately $933,000.

A number of other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after purchasing an additional 7,786,258 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares in the last quarter. UBS Group AG lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.9% in the fourth quarter. UBS Group AG now owns 9,469,398 shares of the company’s stock valued at $479,057,000 after purchasing an additional 531,080 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.5% in the fourth quarter. HB Wealth Management LLC now owns 9,443,109 shares of the company’s stock valued at $475,272,000 after purchasing an additional 140,546 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 568.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock valued at $393,694,000 after purchasing an additional 6,617,940 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.4%

NYSEARCA JPST opened at $50.44 on Tuesday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.42 and a 1-year high of $50.79. The company has a market capitalization of $37.49 billion, a PE ratio of 109.65 and a beta of 0.01. The firm’s fifty day simple moving average is $50.53 and its 200-day simple moving average is $50.61.

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.