NewEdge Wealth LLC lifted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 8.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,158 shares of the company’s stock after purchasing an additional 21,879 shares during the quarter. NewEdge Wealth LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently made changes to their positions in the company. Rice Partnership LLC raised its stake in JPMorgan Ultra-Short Income ETF by 327.5% during the 1st quarter. Rice Partnership LLC now owns 855 shares of the company’s stock valued at $43,000 after buying an additional 655 shares during the last quarter. Alpha Zero LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at $2,297,000. Ridgepath Capital Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 214.7% during the 1st quarter. Ridgepath Capital Management LLC now owns 938,877 shares of the company’s stock valued at $47,517,000 after acquiring an additional 640,542 shares during the period. Johnson Financial Group Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 7.0% in the 1st quarter. Johnson Financial Group Inc. now owns 163,260 shares of the company’s stock worth $8,263,000 after purchasing an additional 10,708 shares in the last quarter. Finally, Beta Wealth Group Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 122.4% in the 1st quarter. Beta Wealth Group Inc. now owns 15,223 shares of the company’s stock worth $770,000 after purchasing an additional 8,377 shares in the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Ultra-Short Income ETF Stock Performance
Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.49 on Thursday. The stock has a market cap of $40.01 billion, a P/E ratio of 109.76 and a beta of 0.01. The stock’s fifty day moving average is $50.49 and its 200 day moving average is $50.56. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year 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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