Cottage Street Advisors LLC increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 32.3% in the first quarter, HoldingsChannel reports. The firm owned 171,808 shares of the company’s stock after purchasing an additional 41,926 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 3.8% of Cottage Street Advisors LLC’s holdings, making the stock its 6th biggest holding. Cottage Street Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,695,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in JPST. Cardiff Park Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at $25,000. Jackson Hole Capital Partners LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $28,000. Sittner & Nelson LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $30,000. MGB Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $30,000. Finally, Motiv8 Investments LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $32,000. 2.17% of the stock is currently owned by institutional investors.
JPMorgan Ultra-Short Income ETF Price Performance
NYSEARCA:JPST opened at $50.55 on Friday. The firm has a market capitalization of $37.57 billion, a P/E ratio of 109.89 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.41 and a one year high of $50.79. The company’s 50-day simple moving average is $50.52 and its 200 day simple moving average is $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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Want to see what other hedge funds are holding JPST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report).
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