Essex Financial Services Inc. Boosts Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Essex Financial Services Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,833 shares of the company’s stock after buying an additional 24,572 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 0.7% of Essex Financial Services Inc.’s portfolio, making the stock its 26th largest position. Essex Financial Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,634,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Chelsea Counsel Co. purchased a new stake in JPMorgan Ultra-Short Income ETF during the first quarter valued at about $25,000. Pandora Wealth Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth about $34,000. Cooksen Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth about $36,000. TD Private Client Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $48,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth about $68,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.73 on Thursday. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.75. The company has a 50-day simple moving average of $50.64 and a two-hundred day simple moving average of $50.56. The firm has a market capitalization of $32.39 billion, a PE ratio of 110.28 and a beta of 0.03.

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.