Kwmg LLC increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 360,964 shares of the company’s stock after purchasing an additional 28,712 shares during the period. JPMorgan Ultra-Short Income ETF makes up 1.3% of Kwmg LLC’s investment portfolio, making the stock its 24th largest holding. Kwmg LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $18,182,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of JPST. Strengthening Families & Communities LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth $28,000. Motiv8 Investments LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $32,000. Beacon Financial Strategies CORP acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at about $34,000. Allied Private Wealth LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $38,000. Finally, Rice Partnership LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 327.5% during the first quarter. Rice Partnership LLC now owns 855 shares of the company’s stock worth $43,000 after acquiring an additional 655 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Trading Up 0.0%
Shares of JPST traded up $0.03 on Wednesday, reaching $50.27. The company’s stock had a trading volume of 3,767,368 shares, compared to its average volume of 6,792,718. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.20 and a twelve month high of $50.79. The stock has a market capitalization of $42.06 billion, a PE ratio of 109.29 and a beta of 0.01. The firm has a fifty day moving average of $50.42 and a 200-day moving average of $50.48.
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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