MJT & Associates Financial Advisory Group Inc. Takes $4.83 Million Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 95,430 shares of the company’s stock, valued at approximately $4,832,000. JPMorgan Ultra-Short Income ETF comprises approximately 4.6% of MJT & Associates Financial Advisory Group Inc.’s holdings, making the stock its 8th biggest position.

Several other institutional investors have also made changes to their positions in the company. LPL Financial LLC increased its position in JPMorgan Ultra-Short Income ETF by 19.4% in the 1st quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock worth $767,511,000 after buying an additional 2,464,430 shares during the period. Bank of America Corp DE increased its position in shares of JPMorgan Ultra-Short Income ETF by 5.5% during the fourth quarter. Bank of America Corp DE now owns 14,427,628 shares of the company’s stock valued at $726,720,000 after purchasing an additional 746,626 shares during the period. HB Wealth Management LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 2.8% during the first quarter. HB Wealth Management LLC now owns 8,545,925 shares of the company’s stock valued at $430,323,000 after purchasing an additional 229,089 shares during the period. Wells Fargo & Company MN grew its position in JPMorgan Ultra-Short Income ETF by 3.3% in the fourth quarter. Wells Fargo & Company MN now owns 7,130,097 shares of the company’s stock valued at $359,143,000 after acquiring an additional 224,833 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in JPMorgan Ultra-Short Income ETF by 10.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,588,353 shares of the company’s stock valued at $282,938,000 after acquiring an additional 506,315 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.63 on Monday. The firm has a market cap of $32.26 billion, a P/E ratio of 110.07 and a beta of 0.03. The business’s fifty day moving average is $50.55 and its two-hundred day moving average is $50.52. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.75.

JPMorgan Ultra-Short Income ETF 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.