Essex Financial Services Inc. Boosts Holdings in JPMorgan Ultra-Short Income ETF $JPST

Essex Financial Services Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 15.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 358,690 shares of the company’s stock after buying an additional 48,813 shares during the period. JPMorgan Ultra-Short Income ETF comprises 1.0% of Essex Financial Services Inc.’s portfolio, making the stock its 19th largest holding. Essex Financial Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $18,153,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in JPMorgan Ultra-Short Income ETF by 10.1% in the 4th quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after purchasing an additional 9,729,791 shares during the period. Morgan Stanley lifted its position in JPMorgan Ultra-Short Income ETF by 2.4% during the fourth quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock valued at $3,109,705,000 after purchasing an additional 1,449,509 shares in the last quarter. LPL Financial LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 8.0% during the fourth quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after purchasing an additional 1,459,312 shares during the period. Bank of America Corp DE grew its holdings in JPMorgan Ultra-Short Income ETF by 15.3% during 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 purchasing an additional 2,162,615 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in JPMorgan Ultra-Short Income ETF by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock worth $579,023,000 after buying an additional 194,855 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Trading Down 0.3%

JPMorgan Ultra-Short Income ETF stock opened at $50.40 on Thursday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.39 and a 12-month high of $50.79. The firm has a market capitalization of $39.15 billion, a price-to-earnings ratio of 109.57 and a beta of 0.01. The firm has a 50 day moving average of $50.52 and a 200 day moving average of $50.59.

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.