Johnson Financial Group Inc. Raises Stake in JPMorgan Ultra-Short Income ETF $JPST

Johnson Financial Group Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.0% during the 1st quarter, HoldingsChannel reports. The fund owned 163,260 shares of the company’s stock after acquiring an additional 10,708 shares during the quarter. Johnson Financial Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,263,000 at the end of the most recent reporting period.

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

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.49 on Tuesday. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year high of $50.79. The business’s 50 day simple moving average is $50.49 and its two-hundred day simple moving average is $50.57. The stock has a market capitalization of $40.01 billion, a P/E ratio of 109.76 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.