JPMorgan Ultra-Short Income ETF $JPST is Ackerman Asset Management LLC’s 5th Largest Position

Ackerman Asset Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 145,507 shares of the company’s stock after buying an additional 16,620 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 4.9% of Ackerman Asset Management LLC’s holdings, making the stock its 5th largest holding. Ackerman Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,361,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JPST. Cardiff Park Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $28,000. MGB Wealth Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $30,000. Sittner & Nelson LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $30,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $38,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.49 on Friday. The firm has a 50 day moving average price of $50.51 and a 200-day moving average price of $50.60. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.41 and a 52-week high of $50.79. The firm has a market capitalization of $37.53 billion, a price-to-earnings ratio of 109.76 and a beta of 0.01.

About JPMorgan Ultra-Short Income ETF

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.