Focus Partners Wealth Has $72.96 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

Focus Partners Wealth grew its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 149.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,440,192 shares of the company’s stock after purchasing an additional 863,988 shares during the quarter. Focus Partners Wealth’s holdings in JPMorgan Ultra-Short Income ETF were worth $72,957,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kensington Asset Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.6% during the fourth quarter. Kensington Asset Management LLC now owns 1,161,999 shares of the company’s stock worth $59,006,000 after purchasing an additional 81,767 shares during the last quarter. Clarity Asset Management Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 31.6% during the fourth quarter. Clarity Asset Management Inc. now owns 1,357 shares of the company’s stock worth $69,000 after purchasing an additional 326 shares during the last quarter. Arax Advisory Partners bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $1,200,000. Ackerman Asset Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 12.9% during the fourth quarter. Ackerman Asset Management LLC now owns 145,507 shares of the company’s stock worth $7,361,000 after purchasing an additional 16,620 shares during the last quarter. Finally, Aptus Capital Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 134,588 shares of the company’s stock worth $6,809,000 after purchasing an additional 14,183 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.49 on Monday. The stock has a market cap of $37.53 billion, a P/E ratio of 109.76 and a beta of 0.01. The stock’s 50-day moving average is $50.51 and its 200-day moving average is $50.60. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 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.