Lane Brothers & Co. Inc. Purchases Shares of 331,906 JPMorgan Ultra-Short Income ETF $JPST

Lane Brothers & Co. Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 331,906 shares of the company’s stock, valued at approximately $16,791,000. JPMorgan Ultra-Short Income ETF makes up approximately 12.2% of Lane Brothers & Co. Inc.’s investment portfolio, making the stock its largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Lakeridge Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.5% in the fourth quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock valued at $241,000 after purchasing an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 2.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after buying an additional 221 shares in the last quarter. Lantern Wealth Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 5.0% during the third quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock worth $240,000 after buying an additional 226 shares in the last quarter. Keel Point LLC raised its position in JPMorgan Ultra-Short Income ETF by 1.4% in the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after buying an additional 239 shares during the last quarter. Finally, Atticus Wealth Management LLC raised its position in JPMorgan Ultra-Short Income ETF by 3.2% in the 4th quarter. Atticus Wealth Management LLC now owns 7,897 shares of the company’s stock valued at $399,000 after buying an additional 243 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.50 on Friday. The stock’s fifty day simple moving average is $50.52 and its two-hundred day simple moving average is $50.59. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 and a 1-year high of $50.79. The stock has a market cap of $37.53 billion, a PE ratio of 109.78 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.