JPMorgan Ultra-Short Income ETF $JPST Stake Boosted by American Trust

American Trust boosted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 697.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 517,357 shares of the company’s stock after acquiring an additional 452,484 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 2.5% of American Trust’s investment portfolio, making the stock its 10th biggest position. American Trust owned about 0.08% of JPMorgan Ultra-Short Income ETF worth $26,220,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of JPST. Temasek Holdings Private Ltd acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $842,655,000. Bank of America Corp DE grew its holdings in JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after buying an additional 2,162,615 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 22.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock worth $346,121,000 after acquiring an additional 1,265,522 shares during the last quarter. RiverFront Investment Group LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 941.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock worth $63,800,000 after acquiring an additional 1,138,031 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 42.2% during the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock worth $193,336,000 after acquiring an additional 1,132,264 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.64 on Monday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.78. The company’s 50-day moving average price is $50.67 and its 200-day moving average price is $50.63. The stock has a market cap of $34.20 billion, a price-to-earnings ratio of 110.09 and a beta of 0.01.

About JPMorgan Ultra-Short Income ETF

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.