JPMorgan Ultra-Short Income ETF $JPST Position Increased by Faithward Advisors LLC

Faithward Advisors LLC boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 64.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 29,535 shares of the company’s stock after buying an additional 11,626 shares during the quarter. Faithward Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,495,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of JPST. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the 4th quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after acquiring an additional 9,729,791 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 568.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock valued at $393,694,000 after purchasing an additional 6,617,940 shares during the last quarter. Temasek Holdings Private Ltd purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at $300,296,000. Bank of America Corp DE boosted its position in shares of 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. Finally, LPL Financial LLC boosted its position in shares of 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. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

Shares of JPST opened at $50.52 on Wednesday. The business’s 50-day moving average price is $50.52 and its 200 day moving average price is $50.59. The stock has a market capitalization of $37.55 billion, a P/E ratio of 109.83 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 and a 1-year high of $50.79.

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.