Smithbridge Asset Management Inc. DE Buys 89,573 Shares of JPMorgan Ultra-Short Income ETF $JPST

Smithbridge Asset Management Inc. DE increased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 128.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,505 shares of the company’s stock after buying an additional 89,573 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,069,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in JPST. JPMorgan Chase & Co. grew its stake in JPMorgan Ultra-Short Income ETF by 10.1% in the 4th quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after purchasing an additional 9,729,791 shares during the period. LPL Financial LLC grew its stake in JPMorgan Ultra-Short Income ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after purchasing an additional 1,459,312 shares during the period. Bank of America Corp DE grew its stake in JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares during the period. UBS Group AG grew its stake in JPMorgan Ultra-Short Income ETF by 5.9% in the 4th quarter. UBS Group AG now owns 9,469,398 shares of the company’s stock valued at $479,057,000 after purchasing an additional 531,080 shares during the period. Finally, HB Wealth Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 1.5% in the 4th quarter. HB Wealth Management LLC now owns 9,443,109 shares of the company’s stock valued at $475,272,000 after purchasing an additional 140,546 shares during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPMorgan Ultra-Short Income ETF stock opened at $50.45 on Thursday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.41 and a twelve month high of $50.79. The firm has a 50 day moving average price of $50.51 and a 200-day moving average price of $50.60. The company has a market capitalization of $37.50 billion, a P/E ratio of 109.67 and a beta of 0.01.

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.