JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Cobblestone Asset Management LLC

Cobblestone Asset Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.8% during the third quarter, Holdings Channel reports. The institutional investor owned 604,854 shares of the company’s stock after buying an additional 58,890 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 14.0% of Cobblestone Asset Management LLC’s investment portfolio, making the stock its biggest position. Cobblestone Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $30,684,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JPST. BNP Paribas Financial Markets boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 428.8% during the first quarter. BNP Paribas Financial Markets now owns 848,945 shares of the company’s stock worth $42,982,000 after acquiring an additional 688,390 shares during the period. Baird Financial Group Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF by 31.4% during the 1st quarter. Baird Financial Group Inc. now owns 89,031 shares of the company’s stock worth $4,508,000 after purchasing an additional 21,278 shares during the last quarter. Calton & Associates Inc. bought a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $369,000. Core Wealth Advisors Inc. increased its position in JPMorgan Ultra-Short Income ETF by 2.8% during the 1st quarter. Core Wealth Advisors Inc. now owns 16,139 shares of the company’s stock worth $817,000 after buying an additional 432 shares during the period. Finally, Paragon Private Wealth Management LLC increased its position in JPMorgan Ultra-Short Income ETF by 76.7% during the 1st quarter. Paragon Private Wealth Management LLC now owns 70,262 shares of the company’s stock worth $3,557,000 after buying an additional 30,499 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.76 on Tuesday. The firm has a 50-day moving average of $50.68 and a 200-day moving average of $50.64. The stock has a market cap of $34.28 billion, a PE ratio of 110.35 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78.

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.