Alexis Investment Partners LLC Raises Position in JPMorgan Ultra-Short Income ETF $JPST

Alexis Investment Partners LLC grew its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 152.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 159,122 shares of the company’s stock after buying an additional 96,142 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 3.5% of Alexis Investment Partners LLC’s investment portfolio, making the stock its 9th largest holding. Alexis Investment Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,062,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Chelsea Counsel Co. bought a new stake in JPMorgan Ultra-Short Income ETF during the first quarter worth about $25,000. Pandora Wealth Inc. bought a new stake in JPMorgan Ultra-Short Income ETF during the first quarter worth about $34,000. Cooksen Wealth LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the first quarter worth about $36,000. Frazier Financial Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth about $41,000. Finally, TD Private Client Wealth LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $48,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.72 on Monday. The firm has a market cap of $34.20 billion, a P/E ratio of 110.26 and a beta of 0.03. The firm has a 50 day simple moving average of $50.67 and a 200 day simple moving average of $50.58. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.76.

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.