Kovitz Investment Group Partners LLC Decreases Holdings in JPMorgan Ultra-Short Income ETF $JPST

Kovitz Investment Group Partners LLC reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 31.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,348,757 shares of the company’s stock after selling 616,234 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 1.5% of Kovitz Investment Group Partners LLC’s investment portfolio, making the stock its 9th biggest holding. Kovitz Investment Group Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $68,234,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in JPMorgan Ultra-Short Income ETF by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after acquiring an additional 9,729,791 shares during the last quarter. Morgan Stanley raised its holdings in JPMorgan Ultra-Short Income ETF by 2.4% during the 4th quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock worth $3,109,705,000 after purchasing an additional 1,449,509 shares during the last quarter. LPL Financial LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after purchasing an additional 1,459,312 shares during the last quarter. Bank of America Corp DE lifted its position in JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock valued at $579,023,000 after purchasing an additional 194,855 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.50 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.41 and a one year high of $50.79. The company has a 50 day moving average of $50.52 and a 200-day moving average of $50.59. The stock has a market cap of $37.53 billion, a price-to-earnings ratio of 109.78 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.