JPMorgan Ultra-Short Income ETF $JPST is Kensington Asset Management LLC’s 5th Largest Position

Kensington Asset Management LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 35.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,701,053 shares of the company’s stock after buying an additional 706,414 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 7.4% of Kensington Asset Management LLC’s portfolio, making the stock its 5th biggest holding. Kensington Asset Management LLC owned approximately 0.34% of JPMorgan Ultra-Short Income ETF worth $136,592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JPST. JPMorgan Chase & Co. grew its holdings in JPMorgan Ultra-Short Income ETF by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after purchasing an additional 9,729,791 shares during the period. Axxcess Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 568.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock valued at $393,694,000 after purchasing an additional 6,617,940 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd 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. Adventist Health System Sunbelt Healthcare Corp increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 215.9% during the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after buying an additional 1,921,600 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after buying an additional 1,459,312 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.53 on Friday. The business has a 50-day moving average of $50.48 and a two-hundred day moving average of $50.53. The firm has a market capitalization of $40.40 billion, a PE ratio of 109.85 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79.

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.