JPMorgan Ultra-Short Income ETF $JPST Shares Acquired by Kendall Capital Management

Kendall Capital Management grew its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 20.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 278,967 shares of the company’s stock after purchasing an additional 48,094 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 2.3% of Kendall Capital Management’s investment portfolio, making the stock its 10th largest position. Kendall Capital Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $14,107,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Cardiff Park Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth $28,000. Sittner & Nelson LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth $30,000. Motiv8 Investments LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth $32,000. Finally, Beacon Financial Strategies CORP acquired a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $34,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.53 on Friday. The company has a market capitalization of $40.40 billion, a PE ratio of 109.85 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year high of $50.79. The company’s fifty day moving average price is $50.48 and its 200 day moving average price is $50.53.

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.