331,906 Shares in JPMorgan Ultra-Short Income ETF $JPST Bought by Lane Brothers & Co. Inc.

Lane Brothers & Co. Inc. purchased a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 331,906 shares of the company’s stock, valued at approximately $16,791,000. JPMorgan Ultra-Short Income ETF accounts for approximately 12.2% of Lane Brothers & Co. Inc.’s investment portfolio, making the stock its biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JPST. Mezzasalma Advisors LLC raised 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 during the period. Webster Bank N. A. grew its position in JPMorgan Ultra-Short Income ETF by 27.0% in the 4th quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock valued at $5,430,000 after purchasing an additional 22,815 shares during the period. Greenberg Financial Group acquired a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $1,544,000. Optima Capital LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $3,485,000. Finally, Buck Wealth Strategies LLC increased its stake in JPMorgan Ultra-Short Income ETF by 7.3% during the 4th quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock valued at $14,367,000 after purchasing an additional 19,402 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.50 on Friday. The company’s fifty day moving average price is $50.52 and its two-hundred day moving average price is $50.59. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 and a 1-year high of $50.79. The company has a market cap of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01.

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.