Mirae Asset Global Investments Co. Ltd. Makes New $1.84 Million Investment in JPMorgan Ultra-Short Income ETF $JPST

Mirae Asset Global Investments Co. Ltd. purchased a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 2nd quarter, Holdings Channel reports. The firm purchased 36,330 shares of the company’s stock, valued at approximately $1,841,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,588,353 shares of the company’s stock worth $282,938,000 after purchasing an additional 506,315 shares in the last quarter. Stone Summit Wealth LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 32.9% during the first quarter. Stone Summit Wealth LLC now owns 43,236 shares of the company’s stock worth $2,189,000 after buying an additional 10,713 shares in the last quarter. Tiemann Investment Advisors LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 9.3% during the first quarter. Tiemann Investment Advisors LLC now owns 135,537 shares of the company’s stock worth $6,862,000 after buying an additional 11,570 shares in the last quarter. San Luis Wealth Advisors LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 36.1% during the second quarter. San Luis Wealth Advisors LLC now owns 674,498 shares of the company’s stock worth $34,184,000 after buying an additional 179,002 shares in the last quarter. Finally, Clear Point Advisors Inc. boosted its stake in JPMorgan Ultra-Short Income ETF by 3.1% during the second quarter. Clear Point Advisors Inc. now owns 64,613 shares of the company’s stock worth $3,275,000 after buying an additional 1,920 shares in the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.63 on Thursday. The firm’s 50-day simple moving average is $50.65 and its 200-day simple moving average is $50.57. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.76. The firm has a market cap of $34.14 billion, a P/E ratio of 110.07 and a beta of 0.03.

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.