Requisite Capital Management LLC Buys 139,271 Shares of JPMorgan Ultra-Short Income ETF $JPST

Requisite Capital Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 612,480 shares of the company’s stock after acquiring an additional 139,271 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 5.1% of Requisite Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Requisite Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $30,973,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cardiff Park Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $25,000. Sittner & Nelson LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $30,000. Motiv8 Investments LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $32,000. Beacon Financial Strategies CORP acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $34,000. Finally, TD Private Client Wealth LLC raised its position in JPMorgan Ultra-Short Income ETF by 89.1% in the fourth quarter. TD Private Client Wealth LLC now owns 743 shares of the company’s stock valued at $38,000 after purchasing an additional 350 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Down 0.4%

NYSEARCA:JPST opened at $50.36 on Wednesday. The stock’s fifty day moving average is $50.49 and its two-hundred day moving average is $50.53. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.35 and a 52 week high of $50.79. The stock has a market capitalization of $40.27 billion, a price-to-earnings ratio of 109.48 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.