Ascentis Independent Advisors Has $3.34 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Ascentis Independent Advisors boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 129.5% in the 1st quarter, HoldingsChannel reports. The firm owned 66,060 shares of the company’s stock after acquiring an additional 37,275 shares during the period. Ascentis Independent Advisors’ holdings in JPMorgan Ultra-Short Income ETF were worth $3,343,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. raised 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. Axxcess Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 568.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock valued at $393,694,000 after acquiring an additional 6,617,940 shares during the period. Temasek Holdings Private Ltd acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $300,296,000. Bank of America Corp DE lifted its holdings in 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 valued at $826,438,000 after purchasing an additional 2,162,615 shares during the last quarter. Finally, LPL Financial LLC boosted its position 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 worth $992,621,000 after purchasing an additional 1,459,312 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.42 on Monday. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year high of $50.79. The stock has a market cap of $39.27 billion, a price-to-earnings ratio of 109.61 and a beta of 0.01. The company has a fifty day moving average price of $50.51 and a two-hundred day moving average price of $50.58.

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.