Lane Brothers & Co. Inc. Has $17.76 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Lane Brothers & Co. Inc. boosted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 351,003 shares of the company’s stock after buying an additional 19,097 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 12.9% of Lane Brothers & Co. Inc.’s portfolio, making the stock its largest position. Lane Brothers & Co. Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $17,764,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Mezzasalma Advisors LLC increased its stake in shares of 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 acquiring an additional 33,446 shares in the last quarter. Webster Bank N. A. boosted its stake in JPMorgan Ultra-Short Income ETF by 27.0% during the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock worth $5,430,000 after acquiring an additional 22,815 shares in the last quarter. Buck Wealth Strategies LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 7.3% in the fourth quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock worth $14,367,000 after purchasing an additional 19,402 shares during the period. Optima Capital LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $3,485,000. Finally, Greenberg Financial Group purchased a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $1,544,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.48 on Thursday. The company has a 50 day simple moving average of $50.49 and a two-hundred day simple moving average of $50.57. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.79. The company has a market capitalization of $39.90 billion, a price-to-earnings ratio of 109.74 and a beta of 0.01.

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.