228,267 Shares in JPMorgan Ultra-Short Income ETF $JPST Bought by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC purchased a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 228,267 shares of the company’s stock, valued at approximately $11,543,000. JPMorgan Ultra-Short Income ETF makes up 1.1% of KMG Fiduciary Partners LLC’s portfolio, making the stock its 23rd largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Webster Bank N. A. boosted its position in JPMorgan Ultra-Short Income ETF by 27.0% during the 4th quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock valued at $5,430,000 after acquiring an additional 22,815 shares in the last quarter. Buck Wealth Strategies LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 7.3% in the 4th quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock worth $14,367,000 after acquiring an additional 19,402 shares in the last quarter. Optima Capital LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $3,485,000. Private Trust Co. NA lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 48.2% in the 4th quarter. Private Trust Co. NA now owns 38,955 shares of the company’s stock valued at $1,971,000 after purchasing an additional 12,666 shares during the period. Finally, FSM Wealth Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 11.5% in the 4th quarter. FSM Wealth Advisors LLC now owns 184,997 shares of the company’s stock valued at $9,359,000 after purchasing an additional 19,116 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.44 on Tuesday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.39 and a twelve month high of $50.79. The firm has a market capitalization of $40.33 billion, a PE ratio of 109.65 and a beta of 0.01. The stock’s 50 day moving average is $50.47 and its 200 day moving average is $50.55.

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.