TFB Advisors LLC Acquires 19,293 Shares of JPMorgan Ultra-Short Income ETF $JPST

TFB Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 19,293 shares of the company’s stock, valued at approximately $972,000.

Several other hedge funds have also recently bought and sold shares of the company. Strengthening Families & Communities LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $28,000. Hughes Financial Services LLC grew its position in JPMorgan Ultra-Short Income ETF by 75.8% in the 3rd quarter. Hughes Financial Services LLC now owns 589 shares of the company’s stock valued at $30,000 after acquiring an additional 254 shares in the last quarter. Beacon Financial Strategies CORP acquired a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $34,000. Allied Private Wealth LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth about $38,000. Finally, Rice Partnership LLC increased its stake in JPMorgan Ultra-Short Income ETF by 327.5% during the first quarter. Rice Partnership LLC now owns 855 shares of the company’s stock worth $43,000 after purchasing an additional 655 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.28 on Friday. The stock has a market capitalization of $42.50 billion, a PE ratio of 109.30 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 year high of $50.79. The company’s 50-day simple moving average is $50.35 and its 200-day simple moving average is $50.50.

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.