Prospera Financial Services Inc Buys 60,548 Shares of JPMorgan Ultra-Short Income ETF $JPST

Prospera Financial Services Inc lifted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 44.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 196,466 shares of the company’s stock after purchasing an additional 60,548 shares during the quarter. Prospera Financial Services Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,940,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. AE Wealth Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 3.9% during the third quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock worth $17,072,000 after purchasing an additional 12,743 shares in the last quarter. Mezzasalma Advisors LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 70.9% during the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after purchasing an additional 33,446 shares in the last quarter. Webster Bank N. A. grew its position in shares of JPMorgan Ultra-Short Income ETF by 27.0% during the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock worth $5,430,000 after purchasing an additional 22,815 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of JPMorgan Ultra-Short Income ETF by 10.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 167,729 shares of the company’s stock worth $8,509,000 after purchasing an additional 15,496 shares in the last quarter. Finally, Greenberg Financial Group purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $1,544,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.53 on Monday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.42 and a 12-month high of $50.79. The stock has a 50-day moving average price of $50.53 and a 200 day moving average price of $50.62. The stock has a market capitalization of $37.56 billion, a P/E ratio of 109.85 and a beta of 0.01.

About JPMorgan Ultra-Short Income ETF

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.