RM Financial Services LLC Invests $1.08 Million in JPMorgan Ultra-Short Income ETF $JPST

RM Financial Services LLC purchased a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 21,428 shares of the company’s stock, valued at approximately $1,084,000.

Several other large investors have also recently made changes to their positions in JPST. JPMorgan Chase & Co. raised its position 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 worth $5,386,450,000 after acquiring an additional 9,729,791 shares in the last quarter. Axxcess Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 568.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock worth $393,694,000 after acquiring an additional 6,617,940 shares in the last quarter. Temasek Holdings Private Ltd bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $300,296,000. Bank of America Corp DE raised its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after acquiring an additional 2,162,615 shares in the last quarter. Finally, LPL Financial LLC raised its position 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 acquiring an additional 1,459,312 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

JPST opened at $50.45 on Thursday. The stock has a fifty day moving average price of $50.51 and a 200-day moving average price of $50.60. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.41 and a 12 month high of $50.79. The firm has a market cap of $37.50 billion, a price-to-earnings ratio of 109.67 and a beta of 0.01.

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.