Bank of New York Mellon Corp Increases Stock Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Bank of New York Mellon Corp lifted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 223.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,716 shares of the company’s stock after acquiring an additional 71,608 shares during the period. Bank of New York Mellon Corp’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,251,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Howe & Rusling Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $26,000. Logan Capital Management Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $27,000. Cohalo Advisory LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $55,000. Coppell Advisory Solutions LLC grew its position in JPMorgan Ultra-Short Income ETF by 32.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,161 shares of the company’s stock valued at $59,000 after buying an additional 286 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $68,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.61 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.75. The business has a fifty day moving average of $50.54 and a two-hundred day moving average of $50.52. The company has a market cap of $32.25 billion, a P/E ratio of 110.02 and a beta of 0.03.

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.