KMG Fiduciary Partners LLC Acquires New Shares in JPMorgan Ultra-Short Income ETF $JPST

KMG Fiduciary Partners LLC bought a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the second quarter, HoldingsChannel reports. The institutional investor bought 228,267 shares of the company’s stock, valued at approximately $11,543,000. JPMorgan Ultra-Short Income ETF accounts for approximately 1.1% of KMG Fiduciary Partners LLC’s holdings, making the stock its 23rd biggest holding.

Several other hedge funds have also recently modified their holdings of JPST. JPMorgan Chase & Co. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the fourth 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 last quarter. Morgan Stanley boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.4% during the 4th 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 last quarter. LPL Financial LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after acquiring an additional 1,459,312 shares during the last quarter. Bank of America Corp DE grew its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the second 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 during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.7% during the fourth 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 last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.44 on Tuesday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.39 and a twelve month high of $50.79. The company’s 50 day moving average is $50.47 and its 200 day moving average is $50.55. The company has a market cap of $40.33 billion, a price-to-earnings ratio of 109.65 and a beta of 0.01.

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.