Detalus Advisors LLC Buys 12,380 Shares of JPMorgan Ultra-Short Income ETF $JPST

Detalus Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 98.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,000 shares of the company’s stock after purchasing an additional 12,380 shares during the period. Detalus Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,268,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE boosted its position in JPMorgan Ultra-Short Income ETF by 15.3% in the second 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. RiverFront Investment Group LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 941.7% during the second quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock worth $63,800,000 after buying an additional 1,138,031 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 42.2% in the second quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after acquiring an additional 1,132,264 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 27.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock worth $244,438,000 after acquiring an additional 1,044,337 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in JPMorgan Ultra-Short Income ETF by 34.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,990,344 shares of the company’s stock worth $202,169,000 after acquiring an additional 1,027,118 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.71 on Thursday. The stock has a fifty day moving average price of $50.67 and a two-hundred day moving average price of $50.65. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78. The company has a market cap of $36.15 billion, a price-to-earnings ratio of 110.24 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.