JPMorgan Ultra-Short Income ETF $JPST is Meridian Financial LLC’s Largest Position

Meridian Financial LLC raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,155 shares of the company’s stock after buying an additional 8,680 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 6.7% of Meridian Financial LLC’s portfolio, making the stock its largest position. Meridian Financial LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JPST. Ameriflex Group Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $85,000. Wealthedge Investment Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $2,366,000. Northstar Financial Companies Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $474,000. Keystone Financial Services LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $3,195,000. Finally, NorthCrest Asset Manangement LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $365,000. 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 $50.73 on Thursday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.75. The firm’s fifty day simple moving average is $50.64 and its 200-day simple moving average is $50.56. The firm has a market capitalization of $32.39 billion, a price-to-earnings ratio of 110.28 and a beta of 0.03.

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.