Essex Financial Services Inc. Purchases 48,813 Shares of JPMorgan Ultra-Short Income ETF $JPST

Essex Financial Services Inc. grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 15.8% during the first quarter, HoldingsChannel.com reports. The fund owned 358,690 shares of the company’s stock after acquiring an additional 48,813 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 1.0% of Essex Financial Services Inc.’s investment portfolio, making the stock its 19th biggest position. Essex Financial Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $18,153,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Secured Retirement Advisors LLC raised its stake in JPMorgan Ultra-Short Income ETF by 5.1% during the first quarter. Secured Retirement Advisors LLC now owns 5,003 shares of the company’s stock valued at $253,000 after purchasing an additional 243 shares in the last quarter. Essex LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 0.8% in the 1st quarter. Essex LLC now owns 54,210 shares of the company’s stock worth $2,744,000 after buying an additional 411 shares in the last quarter. Family Investment Center Inc. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 29.6% in the 1st quarter. Family Investment Center Inc. now owns 511,390 shares of the company’s stock worth $25,881,000 after buying an additional 116,836 shares in the last quarter. Wagner Wealth Management LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 30.2% in the 1st quarter. Wagner Wealth Management LLC now owns 1,275 shares of the company’s stock worth $65,000 after buying an additional 296 shares during the last quarter. Finally, Key Financial Inc increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 75.8% in the 1st quarter. Key Financial Inc now owns 25,566 shares of the company’s stock worth $1,294,000 after buying an additional 11,027 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.40 on Thursday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The stock’s 50 day simple moving average is $50.52 and its two-hundred day simple moving average is $50.59. The company has a market cap of $39.15 billion, a PE ratio of 109.57 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.