Eagle Strategies LLC Invests $266,000 in JPMorgan Ultra-Short Income ETF $JPST

Eagle Strategies LLC purchased a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,239 shares of the company’s stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPST. Temasek Holdings Private Ltd bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $842,655,000. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the 1st 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 in the last quarter. LPL Financial LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 19.4% in the 1st 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 in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 1,058.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,740,737 shares of the company’s stock valued at $88,134,000 after acquiring an additional 1,590,431 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 22.6% in 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 acquiring an additional 1,265,522 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

NYSEARCA:JPST opened at $50.61 on Friday. The company has a fifty day moving average of $50.65 and a 200-day moving average of $50.57. The firm has a market capitalization of $34.13 billion, a P/E ratio of 110.02 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.76.

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.