JPMorgan Ultra-Short Income ETF $JPST Shares Acquired by Intrua Financial LLC

Intrua Financial LLC raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 721.3% in the first quarter, HoldingsChannel.com reports. The firm owned 808,670 shares of the company’s stock after purchasing an additional 710,213 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 4.2% of Intrua Financial LLC’s holdings, making the stock its 3rd biggest holding. Intrua Financial LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $40,927,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of JPMorgan Ultra-Short Income ETF by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after buying an additional 9,729,791 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 568.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock worth $393,694,000 after acquiring an additional 6,617,940 shares during the period. Temasek Holdings Private Ltd bought a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $300,296,000. Bank of America Corp DE increased its stake 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. Finally, LPL Financial LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after acquiring an additional 1,459,312 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.58 on Tuesday. The stock has a fifty day moving average price of $50.52 and a 200-day moving average price of $50.59. The company has a market cap of $37.59 billion, a price-to-earnings ratio of 109.96 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79.

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.