Summitry LLC Acquires Shares of 6,890 JPMorgan Ultra-Short Income ETF $JPST

Summitry LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,890 shares of the company’s stock, valued at approximately $349,000.

Other hedge funds have also recently modified their holdings of the company. Temasek Holdings Private Ltd purchased a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $842,655,000. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock worth $5,068,793,000 after acquiring an additional 2,598,084 shares during the last quarter. LPL Financial LLC increased its position 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 purchasing an additional 2,464,430 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position 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 purchasing an additional 1,265,522 shares in the last quarter. Finally, Fountainhead AM LLC raised its stake in JPMorgan Ultra-Short Income ETF by 153.9% in the 1st quarter. Fountainhead AM LLC now owns 1,799,998 shares of the company’s stock valued at $91,134,000 after purchasing an additional 1,091,012 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.63 on Friday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.78. The stock’s fifty day moving average is $50.68 and its two-hundred day moving average is $50.60. The firm has a market capitalization of $34.20 billion, a P/E ratio of 110.07 and a beta of 0.01.

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.