Alpha Zero LLC Invests $2.30 Million in JPMorgan Ultra-Short Income ETF $JPST

Alpha Zero LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 45,383 shares of the company’s stock, valued at approximately $2,297,000. JPMorgan Ultra-Short Income ETF makes up about 1.2% of Alpha Zero LLC’s investment portfolio, making the stock its 16th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Cardiff Park Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth $25,000. Jackson Hole Capital Partners LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $28,000. Sittner & Nelson LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $30,000. Motiv8 Investments LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $32,000. Finally, TD Private Client Wealth LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 89.1% during the 4th quarter. TD Private Client Wealth LLC now owns 743 shares of the company’s stock valued at $38,000 after acquiring an additional 350 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.49 on Tuesday. The stock’s 50 day simple moving average is $50.49 and its 200 day simple moving average is $50.57. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.39 and a twelve month high of $50.79. The company has a market capitalization of $40.01 billion, a price-to-earnings ratio of 109.76 and a beta of 0.01.

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.