ZEGA Investments LLC Buys 8,088 Shares of JPMorgan Ultra-Short Income ETF $JPST

ZEGA Investments LLC grew its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.1% during the second quarter, HoldingsChannel reports. The fund owned 74,979 shares of the company’s stock after acquiring an additional 8,088 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 0.5% of ZEGA Investments LLC’s holdings, making the stock its 20th largest position. ZEGA Investments LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,800,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in JPST. Centurion Wealth Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 2.0% in the second quarter. Centurion Wealth Management LLC now owns 10,160 shares of the company’s stock valued at $515,000 after purchasing an additional 200 shares during the last quarter. Kathleen S. Wright Associates Inc. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.3% in the 2nd quarter. Kathleen S. Wright Associates Inc. now owns 9,811 shares of the company’s stock valued at $497,000 after buying an additional 220 shares in the last quarter. CWC Advisors LLC. grew its position in shares of JPMorgan Ultra-Short Income ETF by 5.1% in the 2nd quarter. CWC Advisors LLC. now owns 5,468 shares of the company’s stock worth $277,000 after buying an additional 263 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 7.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,965 shares of the company’s stock worth $201,000 after acquiring an additional 265 shares in the last quarter. Finally, Muirfield Wealth Advisors LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 7.1% during the 2nd quarter. Muirfield Wealth Advisors LLC now owns 4,326 shares of the company’s stock worth $219,000 after acquiring an additional 286 shares in the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.62 on Friday. The company has a 50 day moving average of $50.67 and a two-hundred day moving average of $50.60. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.78. The company has a market cap of $34.19 billion, a price-to-earnings ratio of 110.04 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.