Evensky & Katz LLC Boosts Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Evensky & Katz LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 525,679 shares of the company’s stock after purchasing an additional 19,694 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 1.5% of Evensky & Katz LLC’s holdings, making the stock its 17th largest holding. Evensky & Katz LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $26,594,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rossmore Private Capital purchased a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth about $25,000. Cardiff Park Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth about $25,000. Jackson Hole Capital Partners LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $28,000. MGB Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $30,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.50 on Monday. The stock’s 50-day moving average price is $50.53 and its two-hundred day moving average price is $50.62. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.42 and a 12-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.

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.