Spectrum Planning & Advisory Services Inc. Has $11.12 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Spectrum Planning & Advisory Services Inc. reduced its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 219,764 shares of the company’s stock after selling 33,114 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 5.5% of Spectrum Planning & Advisory Services Inc.’s portfolio, making the stock its 3rd biggest position. Spectrum Planning & Advisory Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $11,122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JPST. JPMorgan Chase & Co. grew its stake in JPMorgan Ultra-Short Income ETF by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after acquiring an additional 9,729,791 shares during the period. Axxcess Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 568.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock worth $393,694,000 after purchasing an additional 6,617,940 shares during the period. Temasek Holdings Private Ltd acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $300,296,000. Bank of America Corp DE raised its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after purchasing an additional 1,459,312 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.50 on Monday. The company has a fifty day simple moving average of $50.52 and a 200 day simple moving average of $50.59. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.41 and a 12-month high of $50.79. The company has a market cap 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.