Mason Street Advisors LLC lifted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 480,735 shares of the company’s stock after purchasing an additional 12,165 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 2.4% of Mason Street Advisors LLC’s portfolio, making the stock its 11th largest position. Mason Street Advisors LLC owned about 0.07% of JPMorgan Ultra-Short Income ETF worth $24,320,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. AE Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 3.9% in the third quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock worth $17,072,000 after buying an additional 12,743 shares during the last quarter. Beacon Financial Advisory LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 13.0% in the third quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock worth $5,694,000 after buying an additional 12,895 shares during the last quarter. Mezzasalma Advisors LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 70.9% in the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after buying an additional 33,446 shares during the last quarter. Allen Capital Group LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 16.1% in the third quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock worth $12,767,000 after buying an additional 34,921 shares during the last quarter. Finally, Great Point Wealth Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $34,876,000. 2.17% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Ultra-Short Income ETF Stock Performance
NYSEARCA:JPST opened at $50.50 on Wednesday. The stock’s 50 day moving average price is $50.54 and its 200 day moving average price is $50.63. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.42 and a 52 week high of $50.79. The company has a market capitalization of $37.53 billion, a P/E ratio of 109.78 and a beta of 0.01.
JPMorgan Ultra-Short Income ETF Company 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.
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