Belpointe Asset Management LLC Grows Position in JPMorgan Ultra-Short Income ETF $JPST

Belpointe Asset Management LLC grew its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 361.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,881 shares of the company’s stock after buying an additional 45,325 shares during the period. Belpointe Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,936,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE lifted its position in JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after acquiring an additional 2,162,615 shares during the period. RiverFront Investment Group LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 941.7% in the second 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 period. Foster Dykema Cabot & Partners LLC increased 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 worth $193,336,000 after acquiring an additional 1,132,264 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 27.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock worth $244,438,000 after purchasing an additional 1,044,337 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in JPMorgan Ultra-Short Income ETF by 34.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,990,344 shares of the company’s stock valued at $202,169,000 after purchasing an additional 1,027,118 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.74 on Wednesday. The firm’s fifty day moving average is $50.67 and its two-hundred day moving average is $50.66. The firm has a market cap of $36.22 billion, a price-to-earnings ratio of 110.30 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.78.

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.