Clear Point Advisors Inc. Buys 1,920 Shares of JPMorgan Ultra-Short Income ETF $JPST

Clear Point Advisors Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,613 shares of the company’s stock after buying an additional 1,920 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 2.8% of Clear Point Advisors Inc.’s investment portfolio, making the stock its 9th largest position. Clear Point Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,275,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of JPST. JPMorgan Chase & Co. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock valued at $5,068,793,000 after acquiring an additional 2,598,084 shares during the period. Temasek Holdings Private Ltd bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $842,655,000. LPL Financial LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 19.4% in the first quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after acquiring an additional 2,464,430 shares during the period. HB Wealth Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 2.8% in the first quarter. HB Wealth Management LLC now owns 8,545,925 shares of the company’s stock valued at $430,323,000 after acquiring an additional 229,089 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 22.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after acquiring an additional 1,265,522 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

JPST opened at $50.74 on Friday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.75. The stock has a market capitalization of $32.40 billion, a price-to-earnings ratio of 110.30 and a beta of 0.03. The business has a 50 day moving average of $50.65 and a 200-day moving average of $50.56.

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.