J. Mark Nickell & Co. Has $9.95 Million Holdings in JPMorgan Ultra-Short Income ETF $JPST

J. Mark Nickell & Co. increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 196,636 shares of the company’s stock after acquiring an additional 16,953 shares during the period. JPMorgan Ultra-Short Income ETF comprises 9.0% of J. Mark Nickell & Co.’s investment portfolio, making the stock its 5th biggest position. J. Mark Nickell & Co.’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,952,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after acquiring an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth $3,603,000. EverSource Wealth Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 99.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after purchasing an additional 496 shares in the last quarter. First Trust Advisors LP bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at $203,000. Finally, Brown Advisory Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.6% during the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after purchasing an additional 431 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.54 on Friday. The firm has a market cap of $40.35 billion, a PE ratio of 109.87 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The company has a fifty day simple moving average of $50.49 and a 200 day simple moving average of $50.56.

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.