JPMorgan Ultra-Short Income ETF $JPST Shares Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1,153.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 94,336 shares of the company’s stock after acquiring an additional 86,807 shares during the quarter. Ellsworth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,782,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Temasek Holdings Private Ltd acquired a new stake in JPMorgan Ultra-Short Income ETF during the first quarter worth approximately $842,655,000. Bank of America Corp DE grew its position in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock worth $562,208,000 after acquiring an additional 94,082 shares in the last quarter. HB Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 4.0% during the 2nd quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock worth $450,480,000 after acquiring an additional 342,791 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in 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 last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.75 on Friday. The stock’s 50-day moving average is $50.67 and its two-hundred day moving average is $50.64. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78. The firm has a market cap of $34.28 billion, a price-to-earnings ratio of 110.33 and a beta of 0.01.

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.