Mezzasalma Advisors LLC Invests $2.39 Million in JPMorgan Ultra-Short Income ETF $JPST

Mezzasalma Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,200 shares of the company’s stock, valued at approximately $2,394,000.

Other hedge funds have also recently bought and sold shares of the company. Centurion Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 2.0% during the 2nd quarter. Centurion Wealth Management LLC now owns 10,160 shares of the company’s stock valued at $515,000 after buying an additional 200 shares during the last quarter. Kathleen S. Wright Associates Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 2.3% in the second quarter. Kathleen S. Wright Associates Inc. now owns 9,811 shares of the company’s stock worth $497,000 after buying an additional 220 shares during the last quarter. Keel Point LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 1.4% in the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after acquiring an additional 239 shares in the last quarter. CWC Advisors LLC. boosted its stake in JPMorgan Ultra-Short Income ETF by 5.1% during the 2nd quarter. CWC Advisors LLC. now owns 5,468 shares of the company’s stock valued at $277,000 after acquiring an additional 263 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 7.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,965 shares of the company’s stock worth $201,000 after acquiring an additional 265 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.75 on Friday. The company has a market capitalization of $34.28 billion, a P/E ratio of 110.33 and a beta of 0.01. The company has a 50-day moving average of $50.67 and a 200-day moving average of $50.64. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.78.

JPMorgan Ultra-Short Income ETF 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.