Essex Financial Services Inc. Acquires 71,372 Shares of JPMorgan Ultra-Short Income ETF $JPST

Essex Financial Services Inc. increased its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,877 shares of the company’s stock after purchasing an additional 71,372 shares during the period. JPMorgan Ultra-Short Income ETF makes up 0.9% of Essex Financial Services Inc.’s portfolio, making the stock its 21st biggest position. Essex Financial Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,677,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Cardiff Park Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $28,000. MGB Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $30,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $38,000. Finally, TD Private Client Wealth LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 89.1% during the 4th quarter. TD Private Client Wealth LLC now owns 743 shares of the company’s stock worth $38,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

NYSEARCA:JPST opened at $50.62 on Friday. The firm has a market capitalization of $37.62 billion, a price-to-earnings ratio of 110.04 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.42 and a twelve month high of $50.79. The stock’s 50 day moving average price is $50.53 and its two-hundred day moving average price is $50.62.

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.