JPMorgan Ultra-Short Income ETF $JPST Holdings Raised by Benchmark Financial LLC

Benchmark Financial LLC increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 88.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 39,369 shares of the company’s stock after buying an additional 18,440 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 1.8% of Benchmark Financial LLC’s holdings, making the stock its 15th biggest position. Benchmark Financial LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,992,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JPST. Cardiff Park Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $25,000. Jackson Hole Capital Partners LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $28,000. MGB Wealth Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $30,000. Sittner & Nelson LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $30,000. Finally, Motiv8 Investments LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $32,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.57 on Friday. The company has a market capitalization of $37.59 billion, a price-to-earnings ratio of 109.93 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 and a 1-year high of $50.79. The business has a 50 day moving average price of $50.52 and a two-hundred day moving average price of $50.59.

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.