Blue Water Asset Management Purchases New Shares in JPMorgan Ultra-Short Income ETF $JPST

Blue Water Asset Management purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 141,986 shares of the company’s stock, valued at approximately $7,183,000. JPMorgan Ultra-Short Income ETF makes up 2.6% of Blue Water Asset Management’s investment portfolio, making the stock its 11th largest position.

A number of other large investors have also added to or reduced their stakes in JPST. JPMorgan Chase & Co. grew its holdings in JPMorgan Ultra-Short Income ETF by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after purchasing an additional 7,786,258 shares in the last quarter. Temasek Holdings Private Ltd acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $300,296,000. Bank of America Corp DE grew its holdings in JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares in the last quarter. Kensington Asset Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 1,382.7% during the 3rd quarter. Kensington Asset Management LLC now owns 1,080,232 shares of the company’s stock valued at $54,800,000 after purchasing an additional 1,007,375 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in JPMorgan Ultra-Short Income ETF by 286.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,266,826 shares of the company’s stock valued at $64,162,000 after acquiring an additional 938,617 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.50 on Friday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.42 and a 12 month high of $50.79. The company has a market capitalization of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01. The company’s fifty day moving average price is $50.53 and its two-hundred day moving average price is $50.62.

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.