JPMorgan Ultra-Short Income ETF $JPST Position Increased by American Trust

American Trust boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 697.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 517,357 shares of the company’s stock after acquiring an additional 452,484 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 2.5% of American Trust’s holdings, making the stock its 10th biggest holding. American Trust’s holdings in JPMorgan Ultra-Short Income ETF were worth $26,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $842,655,000. Bank of America Corp DE raised its stake 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 valued at $826,438,000 after buying an additional 2,162,615 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock worth $562,208,000 after buying an additional 94,082 shares during the last quarter. HB Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 4.0% during the 2nd quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock worth $450,480,000 after buying an additional 342,791 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of 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 acquiring 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 Stock Performance

JPST opened at $50.64 on Monday. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.78. The company has a market cap of $34.20 billion, a P/E ratio of 110.09 and a beta of 0.01. The business’s 50-day simple moving average is $50.67 and its 200-day simple moving average is $50.63.

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.