HB Wealth Management LLC Has $469.49 Million Holdings in JPMorgan Ultra-Short Income ETF $JPST

HB Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,302,563 shares of the company’s stock after purchasing an additional 413,847 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 3.2% of HB Wealth Management LLC’s holdings, making the stock its 7th biggest holding. HB Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $469,487,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 23.0% during the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after purchasing an additional 46,400 shares during the period. Goldman Sachs Group Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $3,603,000. Glenview Trust co grew its position in shares of JPMorgan Ultra-Short Income ETF by 43.4% in the 1st quarter. Glenview Trust co now owns 9,238 shares of the company’s stock worth $468,000 after buying an additional 2,794 shares during the last quarter. Anchor Investment Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 11.8% during the first quarter. Anchor Investment Management LLC now owns 141,912 shares of the company’s stock valued at $7,185,000 after buying an additional 14,937 shares during the period. Finally, Integrity Alliance LLC. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 1,360.1% during the first quarter. Integrity Alliance LLC. now owns 135,909 shares of the company’s stock valued at $6,881,000 after acquiring an additional 126,601 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of JPST stock opened at $50.64 on Thursday. The firm has a market capitalization of $35.44 billion, a price-to-earnings ratio of 110.09 and a beta of 0.01. The stock has a fifty day moving average of $50.66 and a 200 day moving average of $50.65. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.78.

JPMorgan Ultra-Short Income ETF Company 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.