JPMorgan Ultra-Short Income ETF $JPST Stock: Legacy CG LLC Raises Stake

Legacy CG LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 72.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 611,325 shares of the company’s stock after purchasing an additional 257,164 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 7.8% of Legacy CG LLC’s portfolio, making the stock its largest position. Legacy CG LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $30,792,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. HB Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 5.4% in the second quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock valued at $506,509,000 after purchasing an additional 514,497 shares in the last quarter. Royal Bank of Canada grew its stake in JPMorgan Ultra-Short Income ETF by 11.1% in the 1st quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock worth $271,917,000 after buying an additional 534,875 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in JPMorgan Ultra-Short Income ETF by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock worth $184,468,000 after buying an additional 245,314 shares in the last quarter. Cetera Investment Advisers grew its stake in JPMorgan Ultra-Short Income ETF by 10.2% in the 1st quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock worth $170,925,000 after buying an additional 312,033 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp grew its stake in JPMorgan Ultra-Short Income ETF by 215.9% in the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after buying an additional 1,921,600 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.25 on Wednesday. The company’s fifty day moving average price is $50.36 and its 200-day moving average price is $50.50. The firm has a market capitalization of $42.37 billion, a price-to-earnings ratio of 109.24 and a beta of 0.02. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.79.

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.