Focus Financial Network Inc. Boosts Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Focus Financial Network Inc. increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 75.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 92,922 shares of the company’s stock after acquiring an additional 39,969 shares during the period. Focus Financial Network Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,714,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital Analysts LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 137.7% in the first quarter. Capital Analysts LLC now owns 4,884 shares of the company’s stock worth $248,000 after purchasing an additional 2,829 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $271,000. CW Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 1,259.5% in the 1st quarter. CW Advisors LLC now owns 312,615 shares of the company’s stock worth $15,818,000 after buying an additional 289,620 shares during the last quarter. Ameriprise Financial Inc. raised its position in JPMorgan Ultra-Short Income ETF by 44.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,918,073 shares of the company’s stock worth $147,462,000 after buying an additional 902,840 shares during the last quarter. Finally, Compound Planning Inc. lifted its stake in JPMorgan Ultra-Short Income ETF by 155.7% during the 1st quarter. Compound Planning Inc. now owns 18,575 shares of the company’s stock valued at $940,000 after acquiring an additional 11,310 shares during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of NYSEARCA JPST opened at $50.70 on Friday. The firm’s 50-day moving average price is $50.67 and its 200-day moving average price is $50.63. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78. The company has a market cap of $34.24 billion, a PE ratio of 110.22 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.