GatePass Capital LLC Grows Stake in JPMorgan Ultra-Short Income ETF $JPST

GatePass Capital LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 54.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,759 shares of the company’s stock after purchasing an additional 20,297 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 1.9% of GatePass Capital LLC’s investment portfolio, making the stock its 14th biggest holding. GatePass Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,927,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Temasek Holdings Private Ltd purchased a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter worth $842,655,000. Bank of America Corp DE boosted its holdings in 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 acquiring an additional 2,162,615 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock worth $562,208,000 after acquiring an additional 94,082 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.0% during the second quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock valued at $450,480,000 after acquiring an additional 342,791 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 22.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after purchasing an additional 1,265,522 shares during 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 Monday. The stock has a market capitalization of $34.20 billion, a PE ratio of 110.09 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.78. The firm has a 50 day moving average of $50.67 and a 200 day moving average of $50.63.

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.