Cardinal Strategic Wealth Guidance Raises Holdings in JPMorgan Ultra-Short Income ETF $JPST

Cardinal Strategic Wealth Guidance raised its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.4% during the first quarter, Holdings Channel.com reports. The firm owned 147,437 shares of the company’s stock after purchasing an additional 10,197 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 2.0% of Cardinal Strategic Wealth Guidance’s portfolio, making the stock its 12th largest position. Cardinal Strategic Wealth Guidance’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,462,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in JPST. JPMorgan Chase & Co. grew 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 worth $5,386,450,000 after buying an additional 9,729,791 shares in the last quarter. Morgan Stanley raised its holdings in JPMorgan Ultra-Short Income ETF by 2.4% in the fourth 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 in the last quarter. LPL Financial LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 8.0% in the fourth 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 in the last quarter. Bank of America Corp DE raised its holdings in 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 valued at $826,438,000 after acquiring an additional 2,162,615 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in JPMorgan Ultra-Short Income ETF by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock worth $579,023,000 after acquiring 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 Stock Up 0.0%

NYSEARCA JPST opened at $50.53 on Thursday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.41 and a 52 week high of $50.79. The stock has a market capitalization of $37.56 billion, a PE ratio of 109.85 and a beta of 0.01. The firm has a 50 day moving average of $50.52 and a two-hundred day moving average of $50.59.

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.