Clear Point Advisors Inc. Raises Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Clear Point Advisors Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 16.6% during the first quarter, HoldingsChannel.com reports. The fund owned 62,693 shares of the company’s stock after acquiring an additional 8,916 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 2.9% of Clear Point Advisors Inc.’s portfolio, making the stock its 9th biggest position. Clear Point Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,174,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in JPMorgan Ultra-Short Income ETF by 32.6% in the fourth quarter. JPMorgan Chase & Co. now owns 97,516,324 shares of the company’s stock worth $4,911,897,000 after acquiring an additional 23,971,471 shares during the last quarter. Bank of America Corp DE increased its stake in shares of JPMorgan Ultra-Short Income ETF by 5.5% in the fourth quarter. Bank of America Corp DE now owns 14,427,628 shares of the company’s stock valued at $726,720,000 after purchasing an additional 746,626 shares during the period. LPL Financial LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 13.6% in the fourth quarter. LPL Financial LLC now owns 12,694,776 shares of the company’s stock valued at $639,436,000 after purchasing an additional 1,522,758 shares during the period. Wells Fargo & Company MN increased its stake in shares of JPMorgan Ultra-Short Income ETF by 3.3% in the fourth quarter. Wells Fargo & Company MN now owns 7,130,097 shares of the company’s stock valued at $359,143,000 after purchasing an additional 224,833 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 10.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,588,353 shares of the company’s stock valued at $282,938,000 after purchasing an additional 506,315 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.55 on Friday. The firm’s 50 day moving average is $50.51 and its two-hundred day moving average is $50.50. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.25 and a 52 week high of $50.75.

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.