Cornerstone Management Inc. Has $97.33 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Cornerstone Management Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,923,884 shares of the company’s stock after buying an additional 49,265 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 15.9% of Cornerstone Management Inc.’s investment portfolio, making the stock its 3rd biggest position. Cornerstone Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $97,329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AE Wealth Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 3.9% in the 3rd quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock valued at $17,072,000 after purchasing an additional 12,743 shares during the period. Mezzasalma Advisors LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 70.9% in the 4th quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after purchasing an additional 33,446 shares during the period. Webster Bank N. A. boosted its stake in JPMorgan Ultra-Short Income ETF by 27.0% in the 4th quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock worth $5,430,000 after purchasing an additional 22,815 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in JPMorgan Ultra-Short Income ETF by 10.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 167,729 shares of the company’s stock worth $8,509,000 after purchasing an additional 15,496 shares during the period. Finally, Cornerstone Wealth Group LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $934,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.50 on Tuesday. The company has a 50 day moving average price of $50.53 and a 200 day moving average price of $50.62. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.42 and a 52 week high of $50.79. The firm has a market capitalization of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01.

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.