Arcus Capital Partners LLC Has $13.44 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

Arcus Capital Partners LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 563.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,538 shares of the company’s stock after buying an additional 225,485 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 4.8% of Arcus Capital Partners LLC’s investment portfolio, making the stock its 6th largest position. Arcus Capital Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,439,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of JPST. Nicholson Meyer Capital Management Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 0.9% in the first quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock worth $1,128,000 after purchasing an additional 202 shares during the last quarter. Lakeridge Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 4.5% during the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock worth $241,000 after purchasing an additional 206 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after buying an additional 221 shares during the period. Whipplewood Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.2% in the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock worth $936,000 after buying an additional 227 shares during the period. Finally, Keel Point LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.4% in the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after buying an additional 239 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.50 on Friday. The company has a market capitalization of $40.02 billion, a P/E ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.39 and a 1-year high of $50.79. The business has a 50-day moving average price of $50.49 and a 200 day moving average price of $50.57.

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.