Hopwood Nicholas Hunter Purchases New Position in JPMorgan Ultra-Short Income ETF $JPST

Hopwood Nicholas Hunter acquired a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,447 shares of the company’s stock, valued at approximately $528,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cardiff Park Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Strengthening Families & Communities LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at $28,000. Sittner & Nelson LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $30,000. Motiv8 Investments LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $32,000. Finally, Beacon Financial Strategies CORP bought a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $34,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.39 on Friday. The firm has a market cap of $40.29 billion, a price-to-earnings ratio of 109.54 and a beta of 0.01. The business has a 50-day simple moving average of $50.48 and a two-hundred day simple moving average of $50.52. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.35 and a fifty-two week 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.