Kraft Davis & Associates LLC purchased a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 48,639 shares of the company’s stock, valued at approximately $2,448,000.
A number of other institutional investors have also made changes to their positions in JPST. Quadrant Capital Group LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.6% during the third quarter. Quadrant Capital Group LLC now owns 2,123,117 shares of the company’s stock worth $106,814,000 after buying an additional 149,149 shares during the last quarter. Parkside Investments LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 37.8% in the third quarter. Parkside Investments LLC now owns 145,534 shares of the company’s stock valued at $7,331,000 after acquiring an additional 39,950 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 21.3% in the third quarter. Pinnacle Associates Ltd. now owns 121,159 shares of the company’s stock valued at $6,103,000 after acquiring an additional 21,238 shares during the period. Integrated Advisors Network LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 15.2% in the third quarter. Integrated Advisors Network LLC now owns 15,488 shares of the company’s stock valued at $780,000 after acquiring an additional 2,042 shares during the period. Finally, Taylor Securities Services Inc. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 3.0% in the third quarter. Taylor Securities Services Inc. now owns 246,021 shares of the company’s stock worth $12,392,000 after acquiring an additional 7,089 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.
JPMorgan Ultra-Short Income ETF Stock Performance
Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.35 on Thursday. The company’s fifty day simple moving average is $50.39 and its 200-day simple moving average is $50.46. The company has a market cap of $42.53 billion, a price-to-earnings ratio of 109.46 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 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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