Fifth Third Bancorp Purchases 472,676 Shares of JPMorgan Ultra-Short Income ETF $JPST

Fifth Third Bancorp boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 28.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,158,259 shares of the company’s stock after buying an additional 472,676 shares during the period. Fifth Third Bancorp owned 0.29% of JPMorgan Ultra-Short Income ETF worth $109,230,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of JPST. Millennium Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 23.0% in the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after purchasing an additional 46,400 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $3,603,000. EverSource Wealth Advisors LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 99.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after buying an additional 496 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth $203,000. Finally, Brown Advisory Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after buying an additional 431 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST remained flat at $50.45 during midday trading on Friday. 7,859,971 shares of the company were exchanged, compared to its average volume of 6,763,187. The firm has a market capitalization of $39.78 billion, a PE ratio of 109.67 and a beta of 0.01. The company’s 50 day moving average is $50.50 and its two-hundred day moving average is $50.58. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.39 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.