JPMorgan Ultra-Short Income ETF $JPST Stock Position Lessened by Cooper Financial Group

Cooper Financial Group lessened its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 392,304 shares of the company’s stock after selling 9,902 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 2.2% of Cooper Financial Group’s holdings, making the stock its 10th largest position. Cooper Financial Group owned about 0.06% of JPMorgan Ultra-Short Income ETF worth $19,902,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JPST. Chelsea Counsel Co. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth $25,000. Brentview Investment Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $35,000. Silicon Valley Capital Partners bought a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at approximately $37,000. Frazier Financial Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $41,000. Finally, Quaker Wealth Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 173.1% during the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after acquiring an additional 1,906 shares in the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.67 on Thursday. The stock has a market capitalization of $34.22 billion, a price-to-earnings ratio of 110.15 and a beta of 0.01. The firm’s 50-day moving average price is $50.67 and its 200-day moving average price is $50.63. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.78.

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.