Citizens Financial Group Inc. RI Acquires 499,381 Shares of JPMorgan Ultra-Short Income ETF $JPST

Citizens Financial Group Inc. RI grew its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 135.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 866,913 shares of the company’s stock after buying an additional 499,381 shares during the period. Citizens Financial Group Inc. RI owned 0.13% of JPMorgan Ultra-Short Income ETF worth $43,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Centurion Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 2.0% in the 2nd quarter. Centurion Wealth Management LLC now owns 10,160 shares of the company’s stock worth $515,000 after purchasing an additional 200 shares in the last quarter. Kathleen S. Wright Associates Inc. increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.3% in the second quarter. Kathleen S. Wright Associates Inc. now owns 9,811 shares of the company’s stock worth $497,000 after purchasing an additional 220 shares during the last quarter. Sax Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the third quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock worth $421,000 after buying an additional 220 shares in the last quarter. Daner Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 1.1% in the third quarter. Daner Wealth Management LLC now owns 21,885 shares of the company’s stock worth $1,110,000 after buying an additional 236 shares in the last quarter. Finally, Keel Point LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 1.4% during the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after buying an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.63 on Monday. The company has a market cap of $35.86 billion, a price-to-earnings ratio of 110.07 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78. The stock’s 50 day simple moving average is $50.66 and its two-hundred day simple moving average is $50.65.

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.