Patten & Patten Inc. TN acquired a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,301 shares of the company’s stock, valued at approximately $469,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in JPMorgan Ultra-Short Income ETF by 30.0% in the first quarter. JPMorgan Chase & Co. now owns 45,690,839 shares of the company’s stock worth $2,305,103,000 after acquiring an additional 10,546,138 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in JPMorgan Ultra-Short Income ETF by 29.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,457,071 shares of the company’s stock worth $675,949,000 after purchasing an additional 3,081,352 shares during the period. HB Wealth Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 5.8% during the first quarter. HB Wealth Management LLC now owns 8,076,454 shares of the company’s stock valued at $405,234,000 after purchasing an additional 443,033 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in JPMorgan Ultra-Short Income ETF by 37.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,833,237 shares of the company’s stock valued at $243,837,000 after purchasing an additional 1,317,710 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $93,574,000.
JPMorgan Ultra-Short Income ETF Stock Performance
JPST traded up $0.01 during midday trading on Monday, reaching $50.48. The company had a trading volume of 3,497,925 shares, compared to its average volume of 3,751,890. JPMorgan Ultra-Short Income ETF has a 1 year low of $49.96 and a 1 year high of $50.51. The business has a 50-day moving average of $50.39 and a two-hundred day moving average of $50.36.
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.
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