Bridgewater Advisors Inc. Cuts Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Bridgewater Advisors Inc. cut its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,926,101 shares of the company’s stock after selling 102,943 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 7.4% of Bridgewater Advisors Inc.’s holdings, making the stock its biggest position. Bridgewater Advisors Inc. owned approximately 0.30% of JPMorgan Ultra-Short Income ETF worth $97,557,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in JPMorgan Ultra-Short Income ETF by 2.7% in the 1st quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock valued at $5,068,793,000 after purchasing an additional 2,598,084 shares during the last quarter. Temasek Holdings Private Ltd bought a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $842,655,000. LPL Financial LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 19.4% during the 1st quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock worth $767,511,000 after buying an additional 2,464,430 shares in the last quarter. HB Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 4.0% during the 2nd quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock worth $450,480,000 after buying an additional 342,791 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 22.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock worth $346,121,000 after buying an additional 1,265,522 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.77 on Monday. The company’s 50 day simple moving average is $50.69 and its 200 day simple moving average is $50.60. The company has a market capitalization of $34.29 billion, a P/E ratio of 110.37 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.78.

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.