Rose Capital Advisors LLC Invests $543,000 in JPMorgan Ultra-Short Income ETF $JPST

Rose Capital Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the second quarter, HoldingsChannel.com reports. The fund bought 10,742 shares of the company’s stock, valued at approximately $543,000.

Several other hedge funds have also bought and sold shares of the company. Nicholson Meyer Capital Management Inc. increased its position in JPMorgan Ultra-Short Income ETF by 0.9% during the first quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock worth $1,128,000 after buying an additional 202 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 2.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock valued at $434,000 after buying an additional 221 shares during the last quarter. Whipplewood Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 1.2% in the first quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after buying an additional 227 shares during the last quarter. Vista Cima Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 0.7% in the second quarter. Vista Cima Wealth Management LLC now owns 34,917 shares of the company’s stock valued at $1,766,000 after buying an additional 239 shares during the last quarter. Finally, Keel Point LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after acquiring an additional 239 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.39 on Friday. The firm has a market capitalization of $40.29 billion, a PE ratio of 109.54 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.35 and a 1-year high of $50.79. The business’s 50 day simple moving average is $50.48 and its 200 day simple moving average is $50.52.

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.