HB Wealth Management LLC Has $480.90 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

HB Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,550,931 shares of the company’s stock after acquiring an additional 107,822 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 3.1% of HB Wealth Management LLC’s portfolio, making the stock its 6th largest holding. HB Wealth Management LLC owned approximately 1.28% of JPMorgan Ultra-Short Income ETF worth $480,897,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of JPST. Millennium Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after buying an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at approximately $3,603,000. EverSource Wealth Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 99.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after buying an additional 496 shares in the last quarter. First Trust Advisors LP bought a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $203,000. Finally, Brown Advisory Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 7.6% in the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after acquiring an additional 431 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.42 on Friday. The stock has a market capitalization of $39.17 billion, a price-to-earnings ratio of 109.61 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The business’s 50 day simple moving average is $50.51 and its 200-day simple moving average is $50.59.

About JPMorgan Ultra-Short Income ETF

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.