Mach 1 Financial Group LLC Makes New Investment in JPMorgan Ultra-Short Income ETF $JPST

Mach 1 Financial Group LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 197,688 shares of the company’s stock, valued at approximately $10,001,000. JPMorgan Ultra-Short Income ETF accounts for 2.1% of Mach 1 Financial Group LLC’s investment portfolio, making the stock its 13th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPST. Millennium Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after purchasing an additional 46,400 shares during the period. Goldman Sachs Group Inc. bought a new position in JPMorgan Ultra-Short Income ETF during the first quarter worth $3,603,000. EverSource Wealth Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 99.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after purchasing an additional 496 shares during the period. First Trust Advisors LP bought a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth $203,000. Finally, Brown Advisory Inc. boosted its position in JPMorgan Ultra-Short Income ETF by 7.6% during the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after purchasing an additional 431 shares during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.53 on Thursday. The company has a fifty day moving average price of $50.53 and a two-hundred day moving average price of $50.62. JPMorgan Ultra-Short Income ETF has a one year low of $50.42 and a one year high of $50.79. The stock has a market cap of $37.56 billion, a price-to-earnings ratio of 109.85 and a beta of 0.01.

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.