Cornerstone Management Inc. Boosts Position in JPMorgan Ultra-Short Income ETF $JPST

Cornerstone Management Inc. boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,714,006 shares of the company’s stock after acquiring an additional 62,742 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 15.1% of Cornerstone Management Inc.’s portfolio, making the stock its 3rd largest position. Cornerstone Management Inc. owned 0.27% of JPMorgan Ultra-Short Income ETF worth $86,866,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in JPST. Temasek Holdings Private Ltd bought a new position in JPMorgan Ultra-Short Income ETF in the first quarter valued at about $842,655,000. JPMorgan Chase & Co. boosted its holdings in 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 valued at $5,068,793,000 after acquiring an additional 2,598,084 shares during the last quarter. LPL Financial LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 19.4% in the first quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after acquiring an additional 2,464,430 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 22.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after buying an additional 1,265,522 shares during the period. Finally, Fountainhead AM LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 153.9% in the first quarter. Fountainhead AM LLC now owns 1,799,998 shares of the company’s stock valued at $91,134,000 after buying an additional 1,091,012 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

NYSEARCA:JPST opened at $50.73 on Friday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.76. The business’s 50-day moving average price is $50.68 and its two-hundred day moving average price is $50.58. The firm has a market capitalization of $34.21 billion, a price-to-earnings ratio of 110.28 and a beta of 0.03.

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.