JPMorgan Ultra-Short Income ETF $JPST Stake Lifted by Cornerstone Management Inc.

Cornerstone Management Inc. grew its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.8% during the first quarter, HoldingsChannel reports. The firm owned 2,054,190 shares of the company’s stock after buying an additional 130,306 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 16.6% of Cornerstone Management Inc.’s portfolio, making the stock its 2nd largest position. Cornerstone Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $103,963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of JPST. JPMorgan Chase & Co. lifted its position in JPMorgan Ultra-Short Income ETF by 10.1% during the 4th quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after acquiring an additional 9,729,791 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 568.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock valued at $393,694,000 after purchasing an additional 6,617,940 shares during the period. Temasek Holdings Private Ltd acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth $300,296,000. Bank of America Corp DE lifted its position in shares of 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 worth $826,438,000 after purchasing an additional 2,162,615 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.50 on Monday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.41 and a twelve month high of $50.79. The firm has a market cap of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01. The company has a fifty day simple moving average of $50.52 and a 200 day simple moving average of $50.59.

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.