First Foundation Advisors Has $2.40 Million Stock Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

First Foundation Advisors lowered its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,381 shares of the company’s stock after selling 649 shares during the quarter. First Foundation Advisors’ holdings in JPMorgan Ultra-Short Income ETF were worth $2,399,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. LPL Financial LLC increased its stake in JPMorgan Ultra-Short Income ETF by 19.4% during 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 period. Cambridge Investment Research Advisors Inc. increased its position in shares of JPMorgan Ultra-Short Income ETF by 118.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 3,781,153 shares of the company’s stock valued at $190,457,000 after purchasing an additional 2,048,587 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $91,006,000. Exchange Traded Concepts LLC lifted its position in JPMorgan Ultra-Short Income ETF by 1,058.1% in the first quarter. Exchange Traded Concepts LLC now owns 1,740,737 shares of the company’s stock worth $88,134,000 after purchasing an additional 1,590,431 shares during the period. Finally, Fountainhead AM LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 153.9% during the first quarter. Fountainhead AM LLC now owns 1,799,998 shares of the company’s stock worth $91,134,000 after buying an additional 1,091,012 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.63 on Tuesday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.75. The firm has a market capitalization of $32.26 billion, a PE ratio of 110.07 and a beta of 0.03. The company’s fifty day moving average price is $50.55 and its two-hundred day moving average price is $50.52.

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.