JPMorgan Ultra-Short Income ETF $JPST is Axxcess Wealth Management LLC’s 8th Largest Position

Axxcess Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 65.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,925,152 shares of the company’s stock after buying an additional 761,030 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 1.1% of Axxcess Wealth Management LLC’s holdings, making the stock its 8th biggest position. Axxcess Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $97,393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position 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. Temasek Holdings Private Ltd bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $300,296,000. Bank of America Corp DE increased its position 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 acquiring an additional 2,162,615 shares during the last quarter. LPL Financial LLC increased 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 valued at $992,621,000 after acquiring an additional 1,459,312 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in JPMorgan Ultra-Short Income ETF by 2.4% in the fourth quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock valued at $3,109,705,000 after acquiring an additional 1,449,509 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.50 on Friday. The company has a market cap of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01. The business’s 50-day moving average is $50.52 and its two-hundred day moving average is $50.59. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week 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.