Waverly Advisors LLC Has $119.39 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

Waverly Advisors LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 34.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,360,792 shares of the company’s stock after buying an additional 603,601 shares during the quarter. Waverly Advisors LLC owned about 0.30% of JPMorgan Ultra-Short Income ETF worth $119,385,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.1% in the 4th quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after buying an additional 9,729,791 shares during the period. Morgan Stanley grew its stake in JPMorgan Ultra-Short Income ETF by 2.4% in the fourth quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock valued at $3,109,705,000 after acquiring an additional 1,449,509 shares during the period. LPL Financial LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 8.0% during the fourth 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 during the period. Bank of America Corp DE lifted its holdings in shares of 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. Finally, Charles Schwab Investment Management Inc. grew its position in shares of JPMorgan Ultra-Short Income ETF by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock valued at $579,023,000 after purchasing an additional 194,855 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock traded down $0.01 during mid-day trading on Tuesday, hitting $50.38. 6,235,738 shares of the company were exchanged, compared to its average volume of 6,588,016. The firm has a market cap of $40.28 billion, a P/E ratio of 109.52 and a beta of 0.01. The firm’s 50 day simple moving average is $50.47 and its 200 day simple moving average is $50.52. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.35 and a 1-year high of $50.79.

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.