JPMorgan Ultra-Short Income ETF $JPST Stock Bought by Kendall Capital Management

Kendall Capital Management boosted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 315,170 shares of the company’s stock after purchasing an additional 36,203 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 2.6% of Kendall Capital Management’s investment portfolio, making the stock its 8th biggest position. Kendall Capital Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,875,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Strengthening Families & Communities LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth about $28,000. Beacon Financial Strategies CORP bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth about $34,000. Allied Private Wealth LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth about $38,000. Rice Partnership LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 327.5% in the first quarter. Rice Partnership LLC now owns 855 shares of the company’s stock worth $43,000 after buying an additional 655 shares during the period. Finally, Abound Wealth Management raised its stake in shares of JPMorgan Ultra-Short Income ETF by 1,963.3% in the second quarter. Abound Wealth Management now owns 1,011 shares of the company’s stock worth $51,000 after buying an additional 962 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

JPST stock opened at $50.36 on Friday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.20 and a twelve month high of $50.79. The stock has a market cap of $42.86 billion, a P/E ratio of 109.48 and a beta of 0.01. The business’s 50-day moving average price is $50.38 and its 200-day moving average price is $50.46.

JPMorgan Ultra-Short Income ETF Company 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.