Carter Financial Group INC. Invests $1.80 Million in JPMorgan Ultra-Short Income ETF $JPST

Carter Financial Group INC. acquired a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 2nd quarter, HoldingsChannel reports. The fund acquired 35,448 shares of the company’s stock, valued at approximately $1,797,000. JPMorgan Ultra-Short Income ETF accounts for 1.2% of Carter Financial Group INC.’s investment portfolio, making the stock its 20th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Temasek Holdings Private Ltd purchased a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at approximately $842,655,000. Bank of America Corp DE raised 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 valued at $826,438,000 after acquiring an additional 2,162,615 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock valued at $562,208,000 after acquiring an additional 94,082 shares in the last quarter. HB Wealth Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 4.0% in the second quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock valued at $450,480,000 after purchasing an additional 342,791 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in JPMorgan Ultra-Short Income ETF by 22.6% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.64 on Friday. The business’s 50-day moving average is $50.67 and its two-hundred day moving average is $50.63. The firm has a market capitalization of $34.20 billion, a P/E ratio of 110.09 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78.

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.