Blue Water Asset Management Invests $7.18 Million in JPMorgan Ultra-Short Income ETF $JPST

Blue Water Asset Management acquired a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 141,986 shares of the company’s stock, valued at approximately $7,183,000. JPMorgan Ultra-Short Income ETF makes up 2.6% of Blue Water Asset Management’s portfolio, making the stock its 11th largest holding.

Several other large investors also recently made changes to their positions in JPST. Millennium Management LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after acquiring an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth $3,603,000. EverSource Wealth Advisors LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 99.6% in the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after acquiring an additional 496 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth $203,000. Finally, Brown Advisory Inc. increased its position in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after acquiring an additional 431 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

JPMorgan Ultra-Short Income ETF stock opened at $50.50 on Friday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.42 and a 52-week high of $50.79. The firm has a fifty day moving average of $50.53 and a 200-day moving average of $50.62. The firm has a market capitalization of $37.53 billion, a P/E ratio of 109.78 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.