JPMorgan Ultra-Short Income ETF $JPST Shares Newly Acquired by Kraft Davis & Associates LLC

Kraft Davis & Associates LLC bought a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 48,639 shares of the company’s stock, valued at approximately $2,448,000.

Other hedge funds have also made changes to their positions in the company. Strengthening Families & Communities LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth about $28,000. Beacon Financial Strategies CORP bought a new position in JPMorgan Ultra-Short Income ETF during the second quarter valued at about $34,000. Allied Private Wealth LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $38,000. Rice Partnership LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 327.5% in the 1st quarter. Rice Partnership LLC now owns 855 shares of the company’s stock valued at $43,000 after acquiring an additional 655 shares in the last quarter. Finally, Abound Wealth Management raised its holdings in JPMorgan Ultra-Short Income ETF by 1,963.3% in the 2nd quarter. Abound Wealth Management now owns 1,011 shares of the company’s stock valued at $51,000 after acquiring an additional 962 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.35 on Thursday. The stock has a 50 day moving average of $50.39 and a two-hundred day moving average of $50.46. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.79. The company has a market capitalization of $42.53 billion, a P/E ratio of 109.46 and a beta of 0.01.

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.