Cullen Frost Bankers Inc. Boosts Holdings in JPMorgan Ultra-Short Income ETF $JPST

Cullen Frost Bankers Inc. grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 75.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 949 shares of the company’s stock after buying an additional 408 shares during the period. Cullen Frost Bankers Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $48,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Tiemann Investment Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 9.3% in the 1st quarter. Tiemann Investment Advisors LLC now owns 135,537 shares of the company’s stock valued at $6,862,000 after buying an additional 11,570 shares during the period. San Luis Wealth Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 36.1% during the 2nd quarter. San Luis Wealth Advisors LLC now owns 674,498 shares of the company’s stock worth $34,184,000 after purchasing an additional 179,002 shares during the period. Clear Point Advisors Inc. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 3.1% during the 2nd quarter. Clear Point Advisors Inc. now owns 64,613 shares of the company’s stock worth $3,275,000 after purchasing an additional 1,920 shares during the period. Strategent Financial LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Strategent Financial LLC now owns 349,122 shares of the company’s stock worth $17,694,000 after purchasing an additional 4,657 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 624.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,319 shares of the company’s stock worth $421,000 after purchasing an additional 7,170 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.74 on Monday. The stock has a market capitalization of $34.27 billion, a P/E ratio of 110.30 and a beta of 0.03. The company has a 50 day moving average price of $50.68 and a 200 day moving average price of $50.59. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.76.

JPMorgan Ultra-Short Income ETF Company 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.