JPMorgan Chase & Co. Purchases 23,971,471 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

JPMorgan Chase & Co. grew its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 32.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,516,324 shares of the company’s stock after buying an additional 23,971,471 shares during the quarter. JPMorgan Chase & Co. owned 21.41% of JPMorgan Ultra-Short Income ETF worth $4,911,897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LPL Financial LLC grew its position in JPMorgan Ultra-Short Income ETF by 13.6% during the fourth quarter. LPL Financial LLC now owns 12,694,776 shares of the company’s stock valued at $639,436,000 after buying an additional 1,522,758 shares during the period. HB Wealth Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 11.2% during the 4th quarter. HB Wealth Management LLC now owns 8,316,836 shares of the company’s stock valued at $416,590,000 after acquiring an additional 838,189 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,858,342 shares of the company’s stock worth $297,252,000 after purchasing an additional 103,192 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $173,884,000. Finally, Brooklyn FI LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 6,968.8% in the fourth quarter. Brooklyn FI LLC now owns 2,979,271 shares of the company’s stock valued at $150,461,000 after purchasing an additional 2,937,124 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.58 on Thursday. The stock has a fifty day simple moving average of $50.52 and a two-hundred day simple moving average of $50.52. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.20 and a 1-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.