Integrated Wealth Concepts LLC Raises Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Integrated Wealth Concepts LLC grew its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 548,052 shares of the company’s stock after buying an additional 59,587 shares during the quarter. Integrated Wealth Concepts LLC owned 0.09% of JPMorgan Ultra-Short Income ETF worth $27,748,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in JPMorgan Ultra-Short Income ETF by 2.7% during the 1st quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock worth $5,068,793,000 after purchasing an additional 2,598,084 shares during the period. LPL Financial LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 19.4% in the first quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after buying an additional 2,464,430 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.8% in the 1st quarter. HB Wealth Management LLC now owns 8,545,925 shares of the company’s stock valued at $430,323,000 after purchasing an additional 229,089 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 10.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,588,353 shares of the company’s stock valued at $282,938,000 after buying an additional 506,315 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in JPMorgan Ultra-Short Income ETF by 8.6% in the 1st quarter. Cerity Partners LLC now owns 4,951,561 shares of the company’s stock valued at $250,698,000 after purchasing an additional 393,586 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.60 on Friday. The stock’s 50 day moving average price is $50.60 and its 200 day moving average price is $50.55. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.75. The firm has a market cap of $32.31 billion, a P/E ratio of 110.00 and a beta of 0.03.

JPMorgan Ultra-Short Income ETF 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.