JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Kensington Asset Management LLC

Kensington Asset Management LLC raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,161,999 shares of the company’s stock after buying an additional 81,767 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 3.0% of Kensington Asset Management LLC’s investment portfolio, making the stock its 11th largest position. Kensington Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $59,006,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clarity Asset Management Inc. increased its position in shares of JPMorgan Ultra-Short Income ETF by 31.6% in the fourth quarter. Clarity Asset Management Inc. now owns 1,357 shares of the company’s stock valued at $69,000 after buying an additional 326 shares in the last quarter. Arax Advisory Partners purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $1,200,000. Ackerman Asset Management LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 12.9% in the fourth quarter. Ackerman Asset Management LLC now owns 145,507 shares of the company’s stock valued at $7,361,000 after buying an additional 16,620 shares in the last quarter. Aptus Capital Advisors LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 11.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 134,588 shares of the company’s stock valued at $6,809,000 after buying an additional 14,183 shares in the last quarter. Finally, Jacobi Capital Management LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 86.6% in the fourth quarter. Jacobi Capital Management LLC now owns 384,459 shares of the company’s stock valued at $19,450,000 after buying an additional 178,391 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of JPST stock opened at $50.49 on Friday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79. The stock has a market cap of $37.53 billion, a P/E ratio of 109.76 and a beta of 0.01. The business has a fifty day simple moving average of $50.51 and a 200-day simple moving average of $50.60.

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.