Kensington Asset Management LLC Purchases 832,640 Shares of JPMorgan Ultra-Short Income ETF $JPST

Kensington Asset Management LLC increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 71.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,994,639 shares of the company’s stock after acquiring an additional 832,640 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 4.7% of Kensington Asset Management LLC’s portfolio, making the stock its 5th biggest position. Kensington Asset Management LLC owned about 0.27% of JPMorgan Ultra-Short Income ETF worth $100,949,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JPST. Nicholson Meyer Capital Management Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% in the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock worth $1,128,000 after purchasing an additional 202 shares during the period. EverSource Wealth Advisors LLC grew its position 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 valued at $434,000 after buying an additional 221 shares during the period. Whipplewood Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 1.2% during the first quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after buying an additional 227 shares during the period. Keel Point LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 1.4% during the second 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 increased its holdings in JPMorgan Ultra-Short Income ETF by 3.2% during the fourth 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. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.54 on Friday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.39 and a 1-year high of $50.79. The company has a market capitalization of $40.35 billion, a PE ratio of 109.87 and a beta of 0.01. The firm’s 50 day simple moving average is $50.49 and its two-hundred day simple moving average is $50.56.

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.