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

Cobblestone Asset Management LLC cut its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 546,363 shares of the company’s stock after selling 69,015 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 12.4% of Cobblestone Asset Management LLC’s investment portfolio, making the stock its biggest holding. Cobblestone Asset Management LLC owned approximately 0.07% of JPMorgan Ultra-Short Income ETF worth $27,651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of JPST. Cardiff Park Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth about $25,000. Jackson Hole Capital Partners LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $28,000. Sittner & Nelson LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $30,000. Motiv8 Investments LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $38,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.42 on Friday. The business’s 50 day moving average is $50.51 and its two-hundred day moving average is $50.59. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.39 and a 52-week high of $50.79. The firm has a market cap of $39.27 billion, a price-to-earnings ratio of 109.61 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.