Integrated Wealth Concepts LLC Grows Stake in JPMorgan Ultra-Short Income ETF $JPST

Integrated Wealth Concepts LLC raised its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.3% in the second quarter, HoldingsChannel reports. The firm owned 1,168,286 shares of the company’s stock after acquiring an additional 37,846 shares during the period. Integrated Wealth Concepts LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $59,080,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the 4th quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after buying an additional 9,729,791 shares in the last quarter. Morgan Stanley lifted its stake in JPMorgan Ultra-Short Income ETF by 2.4% in the fourth quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock worth $3,109,705,000 after acquiring an additional 1,449,509 shares during the period. LPL Financial LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after acquiring an additional 1,459,312 shares in the last quarter. Bank of America Corp DE grew its holdings 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in JPMorgan Ultra-Short Income ETF by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock valued at $579,023,000 after purchasing an additional 194,855 shares during the period. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.38 on Wednesday. The firm has a 50-day simple moving average of $50.47 and a 200-day simple moving average of $50.52. JPMorgan Ultra-Short Income ETF has a one year low of $50.35 and a one year high of $50.79. The firm has a market cap of $40.28 billion, a P/E ratio of 109.52 and a beta of 0.01.

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.