Money Concepts Capital Corp Raises Holdings in JPMorgan Ultra-Short Income ETF $JPST

Money Concepts Capital Corp boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 178.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 112,724 shares of the company’s stock after purchasing an additional 72,304 shares during the quarter. Money Concepts Capital Corp’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,705,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $25,000. Jackson Hole Capital Partners LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $28,000. Sittner & Nelson LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $30,000. Motiv8 Investments LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

JPST stock opened at $50.45 on Friday. The firm has a 50-day moving average of $50.50 and a two-hundred day moving average of $50.58. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79. The company has a market cap of $39.70 billion, a price-to-earnings ratio of 109.67 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.