JPMorgan Ultra-Short Income ETF $JPST Stock: Saxony Capital Management LLC Raises Holdings

Saxony Capital Management LLC increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 14.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 103,047 shares of the company’s stock after buying an additional 12,810 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 2.1% of Saxony Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. Saxony Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Adventist Health System Sunbelt Healthcare Corp lifted its stake in JPMorgan Ultra-Short Income ETF by 215.9% in the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after acquiring an additional 1,921,600 shares during the last quarter. John A. Wolfe & Associates Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $63,540,000. Fluent Financial LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 454.3% in the 3rd quarter. Fluent Financial LLC now owns 1,217,803 shares of the company’s stock valued at $61,341,000 after acquiring an additional 998,097 shares during the period. Kensington Asset Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 71.7% in the 1st quarter. Kensington Asset Management LLC now owns 1,994,639 shares of the company’s stock valued at $100,949,000 after acquiring an additional 832,640 shares during the period. Finally, Axxcess Wealth Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 65.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,925,152 shares of the company’s stock valued at $97,393,000 after acquiring an additional 761,030 shares during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.32 on Friday. The firm has a market capitalization of $42.44 billion, a PE ratio of 109.39 and a beta of 0.01. The company’s 50-day moving average is $50.39 and its 200-day moving average is $50.46. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.79.

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.