HighTower Advisors LLC Boosts Position in JPMorgan Ultra-Short Income ETF $JPST

HighTower Advisors LLC increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 50.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,988,463 shares of the company’s stock after acquiring an additional 662,886 shares during the quarter. HighTower Advisors LLC owned approximately 0.25% of JPMorgan Ultra-Short Income ETF worth $100,557,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the 4th quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after buying an additional 9,729,791 shares during the period. Axxcess Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 568.5% during the fourth 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 during the last quarter. Bank of America Corp DE increased its stake in JPMorgan Ultra-Short Income ETF by 15.3% during the second 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. Adventist Health System Sunbelt Healthcare Corp raised its position in JPMorgan Ultra-Short Income ETF by 215.9% in the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after purchasing an additional 1,921,600 shares during the period. Finally, LPL Financial LLC raised its position in JPMorgan Ultra-Short Income ETF by 8.0% in the fourth quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after purchasing an additional 1,459,312 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.39 on Monday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.35 and a 52 week high of $50.79. The business’s fifty day simple moving average is $50.48 and its 200-day simple moving average is $50.52. The firm has a market cap of $40.29 billion, a PE ratio of 109.54 and a beta of 0.01.

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.