BridgePort Financial Solutions LLC Invests $369,000 in JPMorgan Ultra-Short Income ETF $JPST

BridgePort Financial Solutions LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,278 shares of the company’s stock, valued at approximately $369,000.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock worth $5,068,793,000 after buying an additional 2,598,084 shares during the last quarter. Temasek Holdings Private Ltd purchased a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter worth $842,655,000. LPL Financial LLC lifted its position in JPMorgan Ultra-Short Income ETF by 19.4% during the 1st quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock worth $767,511,000 after acquiring an additional 2,464,430 shares during the period. HB Wealth Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 4.0% during the 2nd quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock valued at $450,480,000 after purchasing an additional 342,791 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in JPMorgan Ultra-Short Income ETF by 22.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after purchasing an additional 1,265,522 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

Shares of NYSEARCA:JPST opened at $50.61 on Friday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.76. The stock has a market cap of $34.00 billion, a price-to-earnings ratio of 110.02 and a beta of 0.03. The business has a 50-day moving average price of $50.65 and a 200-day moving average price of $50.57.

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.