Coordinated Financial Services Inc. Invests $882,000 in JPMorgan Ultra-Short Income ETF $JPST

Coordinated Financial Services Inc. acquired a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the second quarter, HoldingsChannel reports. The fund acquired 17,400 shares of the company’s stock, valued at approximately $882,000.

Other hedge funds have also modified their holdings of the company. Temasek Holdings Private Ltd acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $842,655,000. JPMorgan Chase & Co. grew its stake in JPMorgan Ultra-Short Income ETF by 2.7% in the 1st quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock valued at $5,068,793,000 after acquiring an additional 2,598,084 shares during the period. LPL Financial LLC grew its stake in JPMorgan Ultra-Short Income ETF by 19.4% in the 1st quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after acquiring an additional 2,464,430 shares during the period. Exchange Traded Concepts LLC grew its stake in JPMorgan Ultra-Short Income ETF by 1,058.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,740,737 shares of the company’s stock valued at $88,134,000 after acquiring an additional 1,590,431 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in JPMorgan Ultra-Short Income ETF by 22.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after acquiring an additional 1,265,522 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

NYSEARCA JPST opened at $50.61 on Friday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.76. The business’s fifty day simple moving average is $50.65 and its 200-day simple moving average is $50.57. The firm has a market cap of $34.13 billion, a PE ratio of 110.02 and a beta of 0.03.

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.