Johnson Financial Group Inc. Increases Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Johnson Financial Group Inc. increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 163,260 shares of the company’s stock after acquiring an additional 10,708 shares during the quarter. Johnson Financial Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,263,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of JPST. Cardiff Park Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Jackson Hole Capital Partners LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $28,000. Sittner & Nelson LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $30,000. Motiv8 Investments LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $32,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

JPST stock opened at $50.49 on Tuesday. The company’s 50 day moving average is $50.49 and its 200 day moving average is $50.57. The stock has a market cap of $40.01 billion, a price-to-earnings ratio of 109.76 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.

JPMorgan Ultra-Short Income ETF Company 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.