JPMorgan Ultra-Short Income ETF $JPST Position Boosted by Founders Financial Alliance LLC

Founders Financial Alliance LLC grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 120,852 shares of the company’s stock after purchasing an additional 11,364 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 1.2% of Founders Financial Alliance LLC’s holdings, making the stock its 17th largest holding. Founders Financial Alliance LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,114,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in JPST. Millennium Management LLC boosted its holdings 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 buying an additional 46,400 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth approximately $3,603,000. EverSource Wealth Advisors LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 99.6% during 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 during the period. First Trust Advisors LP acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $203,000. Finally, Brown Advisory Inc. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.6% during 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 during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.48 on Friday. The stock has a market cap of $37.52 billion, a P/E ratio of 109.74 and a beta of 0.01. The firm has a 50 day simple moving average of $50.51 and a 200 day simple moving average of $50.60. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.41 and a 52 week high of $50.79.

About JPMorgan Ultra-Short Income ETF

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.