72,857 Shares in JPMorgan Ultra-Short Income ETF $JPST Bought by Kensington Asset Management LLC

Kensington Asset Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 72,857 shares of the company’s stock, valued at approximately $3,692,000. JPMorgan Ultra-Short Income ETF comprises approximately 0.3% of Kensington Asset Management LLC’s investment portfolio, making the stock its 22nd biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in JPST. Bank of New York Mellon Corp boosted its position in shares of JPMorgan Ultra-Short Income ETF by 223.0% during the 1st quarter. Bank of New York Mellon Corp now owns 103,716 shares of the company’s stock valued at $5,251,000 after purchasing an additional 71,608 shares in the last quarter. Accredited Investors Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at $207,000. Triumph Capital Management increased its position in JPMorgan Ultra-Short Income ETF by 41.7% in the 1st quarter. Triumph Capital Management now owns 130,308 shares of the company’s stock worth $6,598,000 after purchasing an additional 38,318 shares during the last quarter. J. W. Coons Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 2.6% during the first quarter. J. W. Coons Advisors LLC now owns 146,740 shares of the company’s stock valued at $7,429,000 after acquiring an additional 3,785 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 222.7% in the 1st quarter. Wedbush Securities Inc. now owns 26,448 shares of the company’s stock valued at $1,339,000 after purchasing an additional 18,251 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.68 on Thursday. The firm has a market cap of $34.23 billion, a price-to-earnings ratio of 110.17 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.78. The business’s 50-day simple moving average is $50.68 and its 200-day simple moving average is $50.61.

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.