JPMorgan Ultra-Short Income ETF $JPST is Spectrum Planning & Advisory Services Inc.’s 3rd Largest Position

Spectrum Planning & Advisory Services Inc. raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 252,878 shares of the company’s stock after acquiring an additional 24,037 shares during the period. JPMorgan Ultra-Short Income ETF makes up 6.6% of Spectrum Planning & Advisory Services Inc.’s investment portfolio, making the stock its 3rd largest position. Spectrum Planning & Advisory Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,793,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of JPST. Millennium Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after purchasing an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth about $3,603,000. EverSource Wealth Advisors LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 99.6% in the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after purchasing an additional 496 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth about $203,000. Finally, Brown Advisory Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after purchasing an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.44 on Wednesday. The company has a market capitalization of $37.49 billion, a price-to-earnings ratio of 109.65 and a beta of 0.01. The firm has a 50-day moving average price of $50.53 and a 200-day moving average price of $50.61. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.42 and a twelve month 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.