Coordinated Financial Services Inc. CO Acquires New Holdings in JPMorgan Ultra-Short Income ETF $JPST

Coordinated Financial Services Inc. CO acquired a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 1st quarter, Holdings Channel.com reports. The fund acquired 13,300 shares of the company’s stock, valued at approximately $673,000.

Several other institutional investors and hedge funds have also modified their holdings of JPST. Logan Capital Management Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $27,000. Pandora Wealth Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at approximately $34,000. Cooksen Wealth LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at approximately $36,000. Opal Wealth Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at approximately $68,000. Finally, Sunbelt Securities Inc. grew its position in shares of JPMorgan Ultra-Short Income ETF by 58.9% in the 1st quarter. Sunbelt Securities Inc. now owns 1,433 shares of the company’s stock valued at $73,000 after purchasing an additional 531 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.64 on Friday. The stock has a 50 day simple moving average of $50.60 and a 200 day simple moving average of $50.55. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.75. The firm has a market capitalization of $32.33 billion, a PE ratio of 110.09 and a beta of 0.03.

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.