Zega Financial LLC Invests $1.17 Million in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Zega Financial LLC bought a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the second quarter, HoldingsChannel reports. The fund bought 23,158 shares of the company’s stock, valued at approximately $1,169,000.

A number of other hedge funds have also added to or reduced their stakes in JPST. JPMorgan Chase & Co. increased its holdings in JPMorgan Ultra-Short Income ETF by 30.0% during the first quarter. JPMorgan Chase & Co. now owns 45,690,839 shares of the company’s stock worth $2,305,103,000 after buying an additional 10,546,138 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $93,574,000. Cetera Investment Advisers grew its position in shares of JPMorgan Ultra-Short Income ETF by 927.2% in the 1st quarter. Cetera Investment Advisers now owns 1,790,596 shares of the company’s stock valued at $90,336,000 after acquiring an additional 1,616,273 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 37.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,833,237 shares of the company’s stock worth $243,837,000 after purchasing an additional 1,317,710 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 13.5% in the 2nd quarter. LPL Financial LLC now owns 10,382,964 shares of the company’s stock valued at $524,028,000 after purchasing an additional 1,235,482 shares during the period.

JPMorgan Ultra-Short Income ETF Trading Up 0.0 %

Shares of NYSEARCA:JPST opened at $50.65 on Wednesday. The company has a 50-day simple moving average of $50.53 and a 200 day simple moving average of $50.42. JPMorgan Ultra-Short Income ETF has a 52-week low of $49.96 and a 52-week high of $50.68.

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.