Baird Financial Group Inc. Raises Stake in JPMorgan Ultra-Short Income ETF $JPST

Baird Financial Group Inc. grew its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 201.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 268,183 shares of the company’s stock after buying an additional 179,152 shares during the period. Baird Financial Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,592,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in JPST. Chelsea Counsel Co. purchased a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at approximately $25,000. Pandora Wealth Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at approximately $34,000. Brentview Investment Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $35,000. Frazier Financial Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $41,000. Finally, Quaker Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 173.1% during the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after purchasing an additional 1,906 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.61 on Monday. The firm has a market cap of $34.18 billion, a price-to-earnings ratio of 110.02 and a beta of 0.01. The firm’s fifty day moving average price is $50.67 and its 200 day moving average price is $50.62. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.78.

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.