Kwmg LLC Purchases 23,430 Shares of JPMorgan Ultra-Short Income ETF $JPST

Kwmg LLC increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.6% in the second quarter, Holdings Channel.com reports. The firm owned 332,252 shares of the company’s stock after acquiring an additional 23,430 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 1.2% of Kwmg LLC’s portfolio, making the stock its 29th largest holding. Kwmg LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $16,802,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cardiff Park Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $25,000. Jackson Hole Capital Partners LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $28,000. Sittner & Nelson LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $30,000. Motiv8 Investments LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $38,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.44 on Friday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.79. The firm has a market capitalization of $40.33 billion, a P/E ratio of 109.65 and a beta of 0.01. The company’s 50 day simple moving average is $50.47 and its 200 day simple moving average is $50.55.

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.