Lavelle Capital LP acquired a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 39,595 shares of the company’s stock, valued at approximately $2,004,000. JPMorgan Ultra-Short Income ETF makes up about 1.2% of Lavelle Capital LP’s portfolio, making the stock its 16th biggest position.
Other large investors have also bought and sold shares of the company. Cardiff Park Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $28,000. Sittner & Nelson LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $30,000. Motiv8 Investments LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth $38,000. 2.17% of the stock is owned by institutional investors.
JPMorgan Ultra-Short Income ETF Stock Performance
JPST opened at $50.54 on Friday. The company has a market cap of $40.41 billion, a price-to-earnings ratio of 109.87 and a beta of 0.01. The stock has a fifty day simple moving average of $50.49 and a two-hundred day simple moving average of $50.56. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.39 and a 12-month 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.
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