John A. Wolfe & Associates Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,255,984 shares of the company’s stock, valued at approximately $63,540,000. JPMorgan Ultra-Short Income ETF accounts for 26.8% of John A. Wolfe & Associates Inc.’s holdings, making the stock its biggest holding.
Other hedge funds also recently added to or reduced their stakes in the company. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $25,000. Jackson Hole Capital Partners LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $28,000. MGB Wealth Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the third quarter worth $30,000. Sittner & Nelson LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $30,000. Finally, Motiv8 Investments LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $32,000. 2.17% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Ultra-Short Income ETF Price Performance
Shares of JPST stock opened at $50.50 on Friday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79. The stock has a market cap of $37.53 billion, a P/E ratio of 109.78 and a beta of 0.01. The business has a fifty day simple moving average of $50.52 and a 200-day simple moving average of $50.59.
JPMorgan Ultra-Short Income ETF Company Profile
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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