Lane Brothers & Co. Inc. grew its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 5.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 351,003 shares of the company’s stock after acquiring an additional 19,097 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 12.9% of Lane Brothers & Co. Inc.’s holdings, making the stock its largest position. Lane Brothers & Co. Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $17,764,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. Cardiff Park Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $25,000. Jackson Hole Capital Partners LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $28,000. Sittner & Nelson LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $30,000. Motiv8 Investments LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $32,000. Finally, TD Private Client Wealth LLC raised its holdings 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 worth $38,000 after buying an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Stock Performance
Shares of NYSEARCA JPST opened at $50.48 on Thursday. The firm’s 50 day moving average price is $50.49 and its 200-day moving average price is $50.57. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.39 and a 52-week high of $50.79. The company has a market cap of $39.90 billion, a PE ratio of 109.74 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.
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Want to see what other hedge funds are holding JPST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report).
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