Family Investment Center Inc. boosted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 29.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 511,390 shares of the company’s stock after purchasing an additional 116,836 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 5.0% of Family Investment Center Inc.’s holdings, making the stock its 7th largest position. Family Investment Center Inc. owned about 0.07% of JPMorgan Ultra-Short Income ETF worth $25,881,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in JPST. Cardiff Park Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Jackson Hole Capital Partners LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $28,000. Sittner & Nelson LLC bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $30,000. Motiv8 Investments LLC bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $38,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.
JPMorgan Ultra-Short Income ETF Stock Performance
Shares of NYSEARCA:JPST opened at $50.57 on Wednesday. The stock’s 50-day simple moving average is $50.52 and its two-hundred day simple moving average is $50.59. The stock has a market capitalization of $37.59 billion, a price-to-earnings ratio of 109.93 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.41 and a 52-week high of $50.79.
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.
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