Bridgewater Advisors Inc. Buys 51,567 Shares of JPMorgan Ultra-Short Income ETF $JPST

Bridgewater Advisors Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.8% in the first quarter, Holdings Channel reports. The firm owned 1,919,555 shares of the company’s stock after buying an additional 51,567 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 6.0% of Bridgewater Advisors Inc.’s investment portfolio, making the stock its 2nd largest position. Bridgewater Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $96,976,000 as of its most recent SEC filing.

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

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.48 on Friday. The business has a fifty day moving average price of $50.49 and a 200 day moving average price of $50.56. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year high of $50.79. The company has a market cap of $40.00 billion, a P/E ratio of 109.74 and a beta of 0.01.

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.