JPMorgan Ultra-Short Income ETF $JPST Stake Boosted by Market Street Wealth Management Advisors LLC

Market Street Wealth Management Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 876.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 157,524 shares of the company’s stock after purchasing an additional 141,389 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 1.1% of Market Street Wealth Management Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Market Street Wealth Management Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,934,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Adventist Health System Sunbelt Healthcare Corp increased its position in JPMorgan Ultra-Short Income ETF by 215.9% during the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after buying an additional 1,921,600 shares in the last quarter. John A. Wolfe & Associates Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $63,540,000. Focus Partners Wealth boosted its holdings in JPMorgan Ultra-Short Income ETF by 149.9% in the fourth quarter. Focus Partners Wealth now owns 1,440,192 shares of the company’s stock worth $72,957,000 after acquiring an additional 863,988 shares in the last quarter. Kensington Asset Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 71.7% during the first quarter. Kensington Asset Management LLC now owns 1,994,639 shares of the company’s stock worth $100,949,000 after acquiring an additional 832,640 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 65.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,925,152 shares of the company’s stock worth $97,393,000 after acquiring an additional 761,030 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.27 on Friday. The company has a 50 day moving average price of $50.41 and a 200 day moving average price of $50.47. The firm has a market capitalization of $42.38 billion, a P/E ratio of 109.28 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 week 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.