John A. Wolfe & Associates Inc. bought a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,255,984 shares of the company’s stock, valued at approximately $63,540,000. JPMorgan Ultra-Short Income ETF accounts for 26.8% of John A. Wolfe & Associates Inc.’s portfolio, making the stock its largest position. John A. Wolfe & Associates Inc. owned approximately 0.18% of JPMorgan Ultra-Short Income ETF at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Millennium Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after purchasing an additional 46,400 shares during the period. Goldman Sachs Group Inc. acquired a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $3,603,000. EverSource Wealth Advisors LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 99.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after buying an additional 496 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $203,000. Finally, Brown Advisory Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after buying an additional 431 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Price Performance
JPMorgan Ultra-Short Income ETF stock opened at $50.50 on Friday. The stock’s 50 day moving average price is $50.52 and its 200 day moving average price is $50.59. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 and a 1-year high of $50.79. The company has a market cap of $37.53 billion, a PE ratio of 109.78 and a beta of 0.01.
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.
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