Comprehensive Money Management Services LLC Increases Position in JPMorgan Ultra-Short Income ETF $JPST

Comprehensive Money Management Services LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 60.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,000 shares of the company’s stock after acquiring an additional 6,000 shares during the period. Comprehensive Money Management Services LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $811,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Chelsea Counsel Co. purchased a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at about $25,000. Pandora Wealth Inc. acquired a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $34,000. Cooksen Wealth LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $36,000. TD Private Client Wealth LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $48,000. Finally, Sound Income Strategies LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 54.9% in the 2nd quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock valued at $59,000 after purchasing an additional 412 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 $50.64 on Friday. The firm has a market capitalization of $34.15 billion, a price-to-earnings ratio of 110.09 and a beta of 0.03. The company’s 50-day moving average is $50.65 and its two-hundred day moving average is $50.57. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.76.

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.