MAI Capital Management Purchases 412,148 Shares of JPMorgan Ultra-Short Income ETF $JPST

MAI Capital Management lifted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 509.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 493,111 shares of the company’s stock after buying an additional 412,148 shares during the quarter. MAI Capital Management owned approximately 0.08% of JPMorgan Ultra-Short Income ETF worth $24,991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 223.0% in the 1st quarter. Bank of New York Mellon Corp now owns 103,716 shares of the company’s stock valued at $5,251,000 after purchasing an additional 71,608 shares in the last quarter. Wedbush Securities Inc. boosted its position in JPMorgan Ultra-Short Income ETF by 222.7% during the 1st quarter. Wedbush Securities Inc. now owns 26,448 shares of the company’s stock valued at $1,339,000 after acquiring an additional 18,251 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 66.6% in the 1st quarter. Pinnacle Associates Ltd. now owns 17,815 shares of the company’s stock valued at $902,000 after acquiring an additional 7,119 shares during the period. Kovack Advisors Inc. raised its position in shares of JPMorgan Ultra-Short Income ETF by 110.7% in the 1st quarter. Kovack Advisors Inc. now owns 8,840 shares of the company’s stock worth $448,000 after acquiring an additional 4,645 shares in the last quarter. Finally, Lifeworks Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth $1,905,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.68 on Friday. The firm has a market capitalization of $34.23 billion, a PE ratio of 110.17 and a beta of 0.01. The business’s 50-day moving average is $50.68 and its two-hundred day moving average is $50.61. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78.

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.