Nicholson Meyer Capital Management Inc. Buys 2,789 Shares of JPMorgan Ultra-Short Income ETF $JPST

Nicholson Meyer Capital Management Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,331 shares of the company’s stock after buying an additional 2,789 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 3.1% of Nicholson Meyer Capital Management Inc.’s investment portfolio, making the stock its 11th largest holding. Nicholson Meyer Capital Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chelsea Counsel Co. purchased a new position in JPMorgan Ultra-Short Income ETF in the first quarter worth $25,000. Pandora Wealth Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the first quarter worth $34,000. Cooksen Wealth LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the first quarter worth $36,000. TD Private Client Wealth LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth $48,000. Finally, Sound Income Strategies LLC boosted its position in JPMorgan Ultra-Short Income ETF by 54.9% in the second quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock worth $59,000 after purchasing an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

JPST stock opened at $50.74 on Monday. The stock’s fifty day simple moving average is $50.65 and its two-hundred day simple moving average is $50.57. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.75. The stock has a market cap of $32.40 billion, a P/E ratio of 110.30 and a beta of 0.03.

JPMorgan Ultra-Short Income ETF 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.