N.E.W. Advisory Services LLC Acquires 74,647 Shares of JPMorgan Ultra-Short Income ETF $JPST

N.E.W. Advisory Services LLC increased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,103,699 shares of the company’s stock after buying an additional 74,647 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 5.0% of N.E.W. Advisory Services LLC’s holdings, making the stock its 5th biggest position. N.E.W. Advisory Services LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $55,991,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in JPMorgan Ultra-Short Income ETF by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock valued at $562,208,000 after purchasing an additional 94,082 shares during the period. HB Wealth Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 4.7% during the 3rd quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock worth $469,487,000 after buying an additional 413,847 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in JPMorgan Ultra-Short Income ETF by 22.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock worth $346,121,000 after buying an additional 1,265,522 shares during the last quarter. Finally, Cerity Partners LLC increased its position in JPMorgan Ultra-Short Income ETF by 5.6% in the second quarter. Cerity Partners LLC now owns 5,231,134 shares of the company’s stock worth $265,114,000 after buying an additional 279,573 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.65 on Tuesday. The firm has a fifty day moving average of $50.66 and a 200-day moving average of $50.65. The company has a market cap of $35.87 billion, a price-to-earnings ratio of 110.11 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78.

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.