Simplify Asset Management Inc. Acquires New Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Simplify Asset Management Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 493,580 shares of the company’s stock, valued at approximately $25,044,000. JPMorgan Ultra-Short Income ETF makes up 1.2% of Simplify Asset Management Inc.’s holdings, making the stock its 11th largest position.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. grew 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 acquiring an additional 10,546,138 shares during the period. Cetera Investment Advisers boosted its holdings in JPMorgan Ultra-Short Income ETF by 927.2% during the first quarter. Cetera Investment Advisers now owns 1,790,596 shares of the company’s stock worth $90,336,000 after buying an additional 1,616,273 shares in the last quarter. LPL Financial LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 13.5% during the second quarter. LPL Financial LLC now owns 10,382,964 shares of the company’s stock worth $524,028,000 after buying an additional 1,235,482 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in JPMorgan Ultra-Short Income ETF by 22.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,755,150 shares of the company’s stock worth $292,016,000 after buying an additional 1,053,392 shares during the period. Finally, Spire Wealth Management increased its holdings in JPMorgan Ultra-Short Income ETF by 207.5% in the second quarter. Spire Wealth Management now owns 1,515,432 shares of the company’s stock valued at $76,484,000 after buying an additional 1,022,638 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST traded up $0.01 during trading on Friday, hitting $50.47. 1,177,834 shares of the stock were exchanged, compared to its average volume of 4,150,438. The company has a fifty day moving average price of $50.56 and a two-hundred day moving average price of $50.48. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.13 and a 12-month 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.