Cooper Financial Group Has $20.38 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Cooper Financial Group trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 402,206 shares of the company’s stock after selling 11,293 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 2.4% of Cooper Financial Group’s portfolio, making the stock its 10th largest holding. Cooper Financial Group owned approximately 0.06% of JPMorgan Ultra-Short Income ETF worth $20,384,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JPST. Fiduciary Alliance LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the first quarter. Fiduciary Alliance LLC now owns 15,306 shares of the company’s stock valued at $775,000 after acquiring an additional 401 shares during the period. Merit Financial Group LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 1,439.9% in the first quarter. Merit Financial Group LLC now owns 125,853 shares of the company’s stock valued at $6,372,000 after acquiring an additional 117,680 shares during the period. Capital Asset Advisory Services LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 6.4% in the first quarter. Capital Asset Advisory Services LLC now owns 532,584 shares of the company’s stock valued at $26,869,000 after acquiring an additional 32,098 shares during the period. RFG Advisory LLC bought a new position in JPMorgan Ultra-Short Income ETF in the first quarter worth $780,000. Finally, Smith Anglin Financial LLC lifted its position in JPMorgan Ultra-Short Income ETF by 272.5% in the first quarter. Smith Anglin Financial LLC now owns 19,144 shares of the company’s stock worth $969,000 after purchasing an additional 14,004 shares during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.73 on Wednesday. The stock has a market cap of $32.39 billion, a P/E ratio of 110.28 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.76. The stock has a fifty day moving average price of $50.66 and a 200 day moving average price of $50.57.

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.