Fifth Third Bancorp Raises Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Fifth Third Bancorp grew its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 28.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,158,259 shares of the company’s stock after acquiring an additional 472,676 shares during the quarter. Fifth Third Bancorp’s holdings in JPMorgan Ultra-Short Income ETF were worth $109,230,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nicholson Meyer Capital Management Inc. lifted its position in JPMorgan Ultra-Short Income ETF by 0.9% during the first quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after purchasing an additional 202 shares during the last quarter. Lakeridge Wealth Management LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.5% in the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock worth $241,000 after buying an additional 206 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after buying an additional 221 shares during the last quarter. Lantern Wealth Advisors LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 5.0% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock valued at $240,000 after buying an additional 226 shares in the last quarter. Finally, Whipplewood Advisors LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 1.2% during the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after buying an additional 227 shares in the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST remained flat at $50.45 during trading on Friday. 7,859,971 shares of the company were exchanged, compared to its average volume of 6,763,187. The stock has a market cap of $39.78 billion, a PE ratio of 109.67 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The company’s 50 day moving average price is $50.50 and its 200 day moving average price is $50.58.

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.