Alpha Zero LLC Invests $2.30 Million in JPMorgan Ultra-Short Income ETF $JPST

Alpha Zero LLC acquired a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 1st quarter, Holdings Channel reports. The firm acquired 45,383 shares of the company’s stock, valued at approximately $2,297,000. JPMorgan Ultra-Short Income ETF comprises 1.2% of Alpha Zero LLC’s investment portfolio, making the stock its 16th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millennium Management LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 23.0% in the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after acquiring an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $3,603,000. EverSource Wealth Advisors LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 99.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after purchasing an additional 496 shares during the period. First Trust Advisors LP acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at $203,000. Finally, Brown Advisory Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after purchasing an additional 431 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.49 on Tuesday. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year high of $50.79. The stock has a fifty day moving average price of $50.49 and a 200 day moving average price of $50.57. The stock has a market cap of $40.01 billion, a P/E ratio of 109.76 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.