Smithbridge Asset Management Inc. DE Purchases 89,573 Shares of JPMorgan Ultra-Short Income ETF $JPST

Smithbridge Asset Management Inc. DE lifted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 128.1% in the 4th quarter, Holdings Channel reports. The fund owned 159,505 shares of the company’s stock after buying an additional 89,573 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,069,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cardiff Park Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $25,000. Jackson Hole Capital Partners LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $28,000. Sittner & Nelson LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $30,000. MGB Wealth Management LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $30,000. Finally, TD Private Client Wealth LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 89.1% in the 4th quarter. TD Private Client Wealth LLC now owns 743 shares of the company’s stock worth $38,000 after buying an additional 350 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

JPST opened at $50.45 on Thursday. The company has a 50 day moving average of $50.51 and a 200 day moving average of $50.60. The company has a market cap of $37.50 billion, a PE ratio of 109.67 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.41 and a 12 month high of $50.79.

JPMorgan Ultra-Short Income ETF 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.