Freedom Financial Partners LLC Increases Position in JPMorgan Ultra-Short Income ETF $JPST

Freedom Financial Partners LLC grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 39.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,785 shares of the company’s stock after purchasing an additional 18,329 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 1.2% of Freedom Financial Partners LLC’s investment portfolio, making the stock its 22nd largest position. Freedom Financial Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,279,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of JPST. Founders Financial Securities LLC raised its stake in JPMorgan Ultra-Short Income ETF by 19.2% in the first quarter. Founders Financial Securities LLC now owns 24,351 shares of the company’s stock valued at $1,230,000 after buying an additional 3,930 shares in the last quarter. Thompson Davis & CO. Inc. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 3.4% during the 1st quarter. Thompson Davis & CO. Inc. now owns 44,451 shares of the company’s stock worth $2,250,000 after acquiring an additional 1,459 shares in the last quarter. Weatherly Asset Management L. P. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 2.8% during the 1st quarter. Weatherly Asset Management L. P. now owns 525,345 shares of the company’s stock worth $26,588,000 after acquiring an additional 14,208 shares in the last quarter. John A. Wolfe & Associates Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $63,540,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 760,459 shares of the company’s stock valued at $38,472,000 after acquiring an additional 78,951 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. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79. The firm has a market capitalization of $37.53 billion, a PE ratio of 109.78 and a beta of 0.01. The stock’s 50-day simple moving average is $50.52 and its 200-day simple moving average is $50.59.

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.