JPMorgan Ultra-Short Income ETF $JPST is Kendall Capital Management’s 10th Largest Position

Kendall Capital Management boosted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 20.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 278,967 shares of the company’s stock after acquiring an additional 48,094 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 2.3% of Kendall Capital Management’s investment portfolio, making the stock its 10th largest holding. Kendall Capital Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $14,107,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Kensington Asset Management LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 35.4% in the 2nd quarter. Kensington Asset Management LLC now owns 2,701,053 shares of the company’s stock valued at $136,592,000 after purchasing an additional 706,414 shares during the period. Strategic Wealth Partners Ltd. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 18.7% during the second quarter. Strategic Wealth Partners Ltd. now owns 61,371 shares of the company’s stock worth $3,104,000 after purchasing an additional 9,690 shares during the period. Concord Investment Counsel Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $5,600,000. Shelter Mutual Insurance Co purchased a new position in JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $478,000. Finally, OneAscent Family Office LLC grew its position in JPMorgan Ultra-Short Income ETF by 5.3% during the second quarter. OneAscent Family Office LLC now owns 5,453 shares of the company’s stock valued at $276,000 after purchasing an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.53 on Friday. The firm has a market cap of $40.40 billion, a PE ratio of 109.85 and a beta of 0.01. The firm’s 50 day moving average price is $50.48 and its two-hundred day moving average price is $50.53. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.39 and a twelve month high of $50.79.

About JPMorgan Ultra-Short Income ETF

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.