D.A. Davidson & CO. Purchases 36,311 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

D.A. Davidson & CO. raised its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 15.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 274,401 shares of the company’s stock after purchasing an additional 36,311 shares during the quarter. D.A. Davidson & CO.’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,893,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Howe & Rusling Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $26,000. Logan Capital Management Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth $27,000. Cyrus J. Lawrence LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $31,000. Cullen Frost Bankers Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $33,000. Finally, Washington Trust Advisors Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $38,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

NYSEARCA JPST opened at $50.50 on Friday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.75. The business has a 50-day moving average price of $50.53 and a 200-day moving average price of $50.51. The firm has a market cap of $31.76 billion, a price-to-earnings ratio of 109.78 and a beta of 0.03.

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.