G&S Capital LLC Invests $1.65 Million in JPMorgan Ultra-Short Income ETF $JPST

G&S Capital LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 32,699 shares of the company’s stock, valued at approximately $1,654,000.

Several other hedge funds also recently added to or reduced their stakes in JPST. Millennium Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after buying an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $3,603,000. EverSource Wealth Advisors LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 99.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after acquiring an additional 496 shares during the period. First Trust Advisors LP purchased a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at $203,000. Finally, Brown Advisory Inc. grew its position in JPMorgan Ultra-Short Income ETF by 7.6% in the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after acquiring an additional 431 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPST stock opened at $50.45 on Wednesday. The business’s fifty day simple moving average is $50.47 and its two-hundred day simple moving average is $50.55. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.39 and a twelve month high of $50.79. The firm has a market cap of $40.34 billion, a price-to-earnings ratio of 109.67 and a beta of 0.01.

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.