Mach 1 Financial Group LLC Takes Position in JPMorgan Ultra-Short Income ETF $JPST

by · The Cerbat Gem

Mach 1 Financial Group LLC acquired a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 197,688 shares of the company’s stock, valued at approximately $10,001,000. JPMorgan Ultra-Short Income ETF comprises approximately 2.1% of Mach 1 Financial Group LLC’s investment portfolio, making the stock its 13th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPST. AE Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 3.9% during the third quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock worth $17,072,000 after buying an additional 12,743 shares during the last quarter. Mezzasalma Advisors LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 70.9% during the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after buying an additional 33,446 shares during the last quarter. Webster Bank N. A. increased its holdings in JPMorgan Ultra-Short Income ETF by 27.0% during the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock worth $5,430,000 after buying an additional 22,815 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in JPMorgan Ultra-Short Income ETF by 10.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 167,729 shares of the company’s stock worth $8,509,000 after buying an additional 15,496 shares during the last quarter. Finally, Cornerstone Wealth Group LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth $934,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

Shares of JPST opened at $50.53 on Thursday. The company has a market cap of $37.56 billion, a price-to-earnings ratio of 109.85 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.42 and a 1-year high of $50.79. The company’s fifty day simple moving average is $50.53 and its 200 day simple moving average is $50.62.

About JPMorgan Ultra-Short Income ETF

(Free Report)

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.

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