JPMorgan Ultra-Short Income ETF $JPST Stake Boosted by Benchmark Financial LLC

Benchmark Financial LLC increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 88.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,369 shares of the company’s stock after purchasing an additional 18,440 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 1.8% of Benchmark Financial LLC’s portfolio, making the stock its 15th largest position. Benchmark Financial LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,992,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mezzasalma Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 70.9% in the 4th quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after acquiring an additional 33,446 shares during the period. Webster Bank N. A. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 27.0% in the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock valued at $5,430,000 after purchasing an additional 22,815 shares during the period. Buck Wealth Strategies LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 7.3% in the fourth quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock valued at $14,367,000 after purchasing an additional 19,402 shares during the period. Greenberg Financial Group acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $1,544,000. Finally, Optima Capital LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $3,485,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of NYSEARCA JPST opened at $50.57 on Friday. The stock has a 50 day simple moving average of $50.52 and a 200-day simple moving average of $50.59. The company has a market cap of $37.59 billion, a PE ratio of 109.93 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.41 and a 12-month high of $50.79.

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.