Kendall Capital Management Boosts Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Kendall Capital Management raised its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 159,102 shares of the company’s stock after buying an additional 1,982 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 2.3% of Kendall Capital Management’s investment portfolio, making the stock its 4th largest holding. Kendall Capital Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,014,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $25,000. Eastern Bank increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 95.1% during the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the period. Kennebec Savings Bank acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at $27,000. Maryland Capital Advisors Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $31,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $33,000.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.51 on Friday. The stock’s fifty day moving average is $50.49 and its 200-day moving average is $50.52. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.75.

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.