JPMorgan Ultra-Short Income ETF $JPST Stock Holdings Increased by Asset Allocation Strategies LLC

Asset Allocation Strategies LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 388.0% in the first quarter, HoldingsChannel reports. The fund owned 57,280 shares of the company’s stock after buying an additional 45,542 shares during the period. Asset Allocation Strategies LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,899,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after purchasing an additional 9,729,791 shares in the last quarter. Morgan Stanley grew its position in JPMorgan Ultra-Short Income ETF by 2.4% in the 4th quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock valued at $3,109,705,000 after buying an additional 1,449,509 shares in the last quarter. LPL Financial LLC grew its position in JPMorgan Ultra-Short Income ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after buying an additional 1,459,312 shares in the last quarter. Bank of America Corp DE increased its stake 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 buying an additional 2,162,615 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock valued at $579,023,000 after buying an additional 194,855 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 $50.57 on Monday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.41 and a 52 week high of $50.79. The company has a market capitalization of $37.59 billion, a price-to-earnings ratio of 109.93 and a beta of 0.01. The firm’s 50-day moving average is $50.52 and its two-hundred day moving average is $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.