Rise Advisors LLC increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 112.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,546 shares of the company’s stock after buying an additional 32,526 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 1.1% of Rise Advisors LLC’s holdings, making the stock its 15th biggest holding. Rise Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,114,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in JPST. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after buying an additional 9,729,791 shares during the period. Axxcess Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 568.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock worth $393,694,000 after purchasing an additional 6,617,940 shares during the last quarter. Temasek Holdings Private Ltd bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth about $300,296,000. Bank of America Corp DE grew its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 8.0% in the fourth quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after purchasing an additional 1,459,312 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Ultra-Short Income ETF Price Performance
NYSEARCA JPST opened at $50.44 on Wednesday. The stock has a market capitalization of $37.49 billion, a PE ratio of 109.65 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’s 50-day moving average is $50.52 and its 200 day moving average is $50.61.
JPMorgan Ultra-Short Income ETF Company 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.
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