Spectrum Planning & Advisory Services Inc. Has $11.12 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

Spectrum Planning & Advisory Services Inc. trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,764 shares of the company’s stock after selling 33,114 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 5.5% of Spectrum Planning & Advisory Services Inc.’s portfolio, making the stock its 3rd biggest position. Spectrum Planning & Advisory Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $11,122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in JPST. JPMorgan Chase & Co. lifted its stake in JPMorgan Ultra-Short Income ETF by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after buying an additional 9,729,791 shares during the period. Morgan Stanley grew its position in shares of JPMorgan Ultra-Short Income ETF by 2.4% during the 4th quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock worth $3,109,705,000 after buying an additional 1,449,509 shares during the period. LPL Financial LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after buying an additional 1,459,312 shares during the period. Bank of America Corp DE grew its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after buying an additional 2,162,615 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock valued at $579,023,000 after acquiring an additional 194,855 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.50 on Monday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.41 and a 12-month high of $50.79. The firm’s fifty day moving average is $50.52 and its 200 day moving average is $50.59. The company has a market capitalization of $37.53 billion, a PE ratio of 109.78 and a beta of 0.01.

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.