JPMorgan Ultra-Short Income ETF $JPST Stock Purchased by Kendall Capital Management

Kendall Capital Management increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 315,170 shares of the company’s stock after purchasing an additional 36,203 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 2.6% of Kendall Capital Management’s portfolio, making the stock its 8th largest holding. Kendall Capital Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,875,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Strengthening Families & Communities LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $28,000. Beacon Financial Strategies CORP purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $34,000. Allied Private Wealth LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $38,000. Rice Partnership LLC increased its stake 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 worth $43,000 after buying an additional 655 shares in the last quarter. Finally, Abound Wealth Management increased its stake 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 worth $51,000 after buying an additional 962 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

NYSEARCA:JPST opened at $50.36 on Friday. The business’s 50-day simple moving average is $50.38 and its two-hundred day simple moving average is $50.46. The stock has a market cap of $42.86 billion, a PE ratio of 109.48 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 week high of $50.79.

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.