SBI Securities Co. Ltd. Increases Stake in JPMorgan Ultra-Short Income ETF $JPST

SBI Securities Co. Ltd. increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 18.6% in the second quarter, Holdings Channel.com reports. The firm owned 20,295 shares of the company’s stock after purchasing an additional 3,189 shares during the quarter. SBI Securities Co. Ltd.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd bought a new stake in JPMorgan Ultra-Short Income ETF in the first quarter worth about $842,655,000. JPMorgan Chase & Co. boosted its holdings in JPMorgan Ultra-Short Income ETF by 2.7% during the 1st quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock valued at $5,068,793,000 after acquiring an additional 2,598,084 shares during the period. LPL Financial LLC grew its position in JPMorgan Ultra-Short Income ETF by 19.4% in the 1st quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after acquiring an additional 2,464,430 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in JPMorgan Ultra-Short Income ETF by 22.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock worth $346,121,000 after purchasing an additional 1,265,522 shares during the period. Finally, Fountainhead AM LLC increased its stake in JPMorgan Ultra-Short Income ETF by 153.9% in the first quarter. Fountainhead AM LLC now owns 1,799,998 shares of the company’s stock worth $91,134,000 after purchasing an additional 1,091,012 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

Shares of JPST opened at $50.62 on Friday. The firm has a fifty day moving average price of $50.68 and a 200-day moving average price of $50.60. The firm has a market capitalization of $34.19 billion, a P/E ratio of 110.04 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.78.

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.