Goldman Sachs Group Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 71,170 shares of the company’s stock, valued at approximately $3,603,000.
Other hedge funds also recently bought and sold shares of the company. Chelsea Counsel Co. bought a new stake in JPMorgan Ultra-Short Income ETF during the first quarter valued at about $25,000. Pandora Wealth Inc. bought a new stake in JPMorgan Ultra-Short Income ETF during the first quarter valued at about $34,000. Cooksen Wealth LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the first quarter valued at about $36,000. Opal Wealth Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the first quarter valued at about $68,000. Finally, Sunbelt Securities Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF by 58.9% during the first quarter. Sunbelt Securities Inc. now owns 1,433 shares of the company’s stock valued at $73,000 after acquiring an additional 531 shares during the period. 2.17% of the stock is currently owned by institutional investors.
JPMorgan Ultra-Short Income ETF Price Performance
JPST stock opened at $50.70 on Friday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.75. The company has a 50-day moving average of $50.63 and a two-hundred day moving average of $50.56. The stock has a market capitalization of $32.37 billion, a price-to-earnings ratio of 110.22 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.
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