JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 102.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 40,088 shares of the company’s stock after acquiring an additional 20,293 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 1.0% of Deseret Mutual Benefit Administrators’ portfolio, making the stock its 14th biggest position. Deseret Mutual Benefit Administrators’ holdings in JPMorgan Ultra-Short Income ETF were worth $2,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Temasek Holdings Private Ltd acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth $842,655,000. JPMorgan Chase & Co. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 2.7% during the first quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock worth $5,068,793,000 after buying an additional 2,598,084 shares during the period. LPL Financial LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 19.4% during the first quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock worth $767,511,000 after buying an additional 2,464,430 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 22.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock worth $346,121,000 after buying an additional 1,265,522 shares during the period. Finally, Fountainhead AM LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 153.9% during the first quarter. Fountainhead AM LLC now owns 1,799,998 shares of the company’s stock worth $91,134,000 after buying an additional 1,091,012 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

NYSEARCA:JPST opened at $50.77 on Wednesday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.77. The firm has a fifty day simple moving average of $50.68 and a 200-day simple moving average of $50.59. The company has a market capitalization of $34.29 billion, a P/E ratio of 110.37 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.