Mcmorgan & Co. LLC Grows Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Mcmorgan & Co. LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 49.1% during the second quarter, HoldingsChannel.com reports. The firm owned 668,362 shares of the company’s stock after buying an additional 220,226 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 5.1% of Mcmorgan & Co. LLC’s portfolio, making the stock its 7th largest position. Mcmorgan & Co. LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $33,799,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Buck Wealth Strategies LLC grew its stake in JPMorgan Ultra-Short Income ETF by 7.3% during the fourth quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock valued at $14,367,000 after acquiring an additional 19,402 shares in the last quarter. Greenwood Gearhart Inc. boosted its stake in JPMorgan Ultra-Short Income ETF by 13.8% during the fourth quarter. Greenwood Gearhart Inc. now owns 1,587,784 shares of the company’s stock valued at $80,326,000 after buying an additional 192,915 shares during the period. Prosperitas Financial LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $1,874,000. TPG Financial Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 60.0% during the fourth quarter. TPG Financial Advisors LLC now owns 48,492 shares of the company’s stock worth $2,453,000 after buying an additional 18,183 shares in the last quarter. Finally, Investment Advisory Services Group LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $9,437,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

JPST stock opened at $50.54 on Friday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.39 and a 1-year high of $50.79. The stock has a market cap of $40.41 billion, a price-to-earnings ratio of 109.87 and a beta of 0.01. The company’s 50 day moving average is $50.49 and its 200 day moving average is $50.53.

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.