3,452,138 Shares in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,452,138 shares of the company’s stock, valued at approximately $173,884,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. First Business Financial Services Inc. increased its position in JPMorgan Ultra-Short Income ETF by 2.3% during the 4th quarter. First Business Financial Services Inc. now owns 206,520 shares of the company’s stock worth $10,402,000 after purchasing an additional 4,609 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $33,000. LVZ Inc. increased its position in JPMorgan Ultra-Short Income ETF by 5.1% during the 4th quarter. LVZ Inc. now owns 18,678 shares of the company’s stock worth $941,000 after purchasing an additional 912 shares in the last quarter. Assetmark Inc. increased its position in JPMorgan Ultra-Short Income ETF by 1.7% during the 4th quarter. Assetmark Inc. now owns 1,287,821 shares of the company’s stock worth $64,868,000 after purchasing an additional 21,452 shares in the last quarter. Finally, NewSquare Capital LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 3.3% during the 4th quarter. NewSquare Capital LLC now owns 9,382 shares of the company’s stock worth $473,000 after acquiring an additional 299 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.51 on Friday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.20 and a 52-week high of $50.75. The firm has a 50 day moving average price of $50.49 and a two-hundred day moving average price of $50.52.

About JPMorgan Ultra-Short Income ETF

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.