JPMorgan Ultra-Short Income ETF $JPST Position Increased by Assetmark Inc.

Assetmark Inc. raised its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,406,864 shares of the company’s stock after buying an additional 84,693 shares during the quarter. Assetmark Inc. owned 0.22% of JPMorgan Ultra-Short Income ETF worth $71,300,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Buck Wealth Strategies LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 7.3% during the second quarter. Buck Wealth Strategies LLC now owns 253,260 shares of the company’s stock valued at $12,835,000 after buying an additional 17,123 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.5% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 516,228 shares of the company’s stock valued at $26,162,000 after purchasing an additional 7,613 shares during the period. Daymark Wealth Partners LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.1% in the 2nd quarter. Daymark Wealth Partners LLC now owns 134,850 shares of the company’s stock valued at $6,834,000 after purchasing an additional 12,383 shares during the period. Bristlecone Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 30.1% in the 2nd quarter. Bristlecone Advisors LLC now owns 276,427 shares of the company’s stock valued at $14,009,000 after purchasing an additional 64,020 shares during the period. Finally, Whalen Wealth Management Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $2,259,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.73 on Thursday. The company has a market capitalization of $34.26 billion, a price-to-earnings ratio of 110.28 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.78. The business’s 50-day moving average is $50.68 and its 200-day moving average is $50.59.

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.