41,822 Shares in JPMorgan Ultra-Short Income ETF $JPST Acquired by Counterweight Ventures LLC

Counterweight Ventures LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 41,822 shares of the company’s stock, valued at approximately $2,117,000.

A number of other hedge funds also recently made changes to their positions in JPST. JPMorgan Chase & Co. grew its position in JPMorgan Ultra-Short Income ETF by 10.1% during the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after acquiring an additional 9,729,791 shares during the period. Axxcess Wealth Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 568.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock worth $393,694,000 after purchasing an additional 6,617,940 shares during the period. Temasek Holdings Private Ltd purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $300,296,000. Bank of America Corp DE lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after purchasing an additional 1,459,312 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

Shares of NYSEARCA:JPST opened at $50.42 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The stock has a market capitalization of $39.17 billion, a P/E ratio of 109.61 and a beta of 0.01. The stock has a 50-day simple moving average of $50.51 and a 200-day simple moving average of $50.59.

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.