Family Investment Center Inc. grew its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 29.6% during the 1st quarter, Holdings Channel reports. The fund owned 511,390 shares of the company’s stock after buying an additional 116,836 shares during the period. JPMorgan Ultra-Short Income ETF comprises 5.0% of Family Investment Center Inc.’s portfolio, making the stock its 7th biggest holding. Family Investment Center Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $25,881,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Mezzasalma Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 70.9% in the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after purchasing an additional 33,446 shares during the period. Webster Bank N. A. raised its position in shares of JPMorgan Ultra-Short Income ETF by 27.0% during the 4th quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock valued at $5,430,000 after purchasing an additional 22,815 shares during the period. Buck Wealth Strategies LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 7.3% during the 4th quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock valued at $14,367,000 after purchasing an additional 19,402 shares during the period. Greenberg Financial Group purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $1,544,000. Finally, Optima Capital LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $3,485,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Stock Performance
Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.57 on Wednesday. The company has a market capitalization of $37.59 billion, a P/E ratio of 109.93 and a beta of 0.01. The company has a fifty day moving average of $50.52 and a 200 day moving average of $50.59. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79.
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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