JPMorgan Ultra-Short Income ETF $JPST is Catalina Capital Group LLC’s 2nd Largest Position

Catalina Capital Group LLC grew its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 44.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 134,766 shares of the company’s stock after buying an additional 41,353 shares during the period. JPMorgan Ultra-Short Income ETF makes up 4.5% of Catalina Capital Group LLC’s investment portfolio, making the stock its 2nd largest position. Catalina Capital Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPST. Chelsea Counsel Co. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth $25,000. Pandora Wealth Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth $34,000. Cooksen Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth $36,000. TD Private Client Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $48,000. Finally, Sound Income Strategies LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 54.9% during the second quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock worth $59,000 after purchasing an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.58 on Friday. The firm has a fifty day moving average price of $50.65 and a 200 day moving average price of $50.57. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.76. The stock has a market cap of $32.30 billion, a PE ratio of 109.96 and a beta of 0.03.

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.