Kovitz Investment Group Partners LLC Lowers Holdings in JPMorgan Ultra-Short Income ETF $JPST

Kovitz Investment Group Partners LLC cut its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 31.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,348,757 shares of the company’s stock after selling 616,234 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 1.5% of Kovitz Investment Group Partners LLC’s portfolio, making the stock its 9th largest holding. Kovitz Investment Group Partners LLC owned about 0.19% of JPMorgan Ultra-Short Income ETF worth $68,234,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings 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 worth $5,386,450,000 after buying an additional 9,729,791 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 568.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock worth $393,694,000 after acquiring an additional 6,617,940 shares in the last quarter. Temasek Holdings Private Ltd acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $300,296,000. Bank of America Corp DE grew its position 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 worth $826,438,000 after acquiring an additional 2,162,615 shares during the last quarter. Finally, LPL Financial LLC grew its position in JPMorgan Ultra-Short Income ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after acquiring an additional 1,459,312 shares during the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.50 on Friday. The business has a fifty day moving average price of $50.52 and a 200 day moving average price of $50.59. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79. The stock has a market capitalization of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01.

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.