Royal Bank of Canada Increases Stake in JPMorgan Ultra-Short Income ETF $JPST

Royal Bank of Canada grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,372,821 shares of the company’s stock after purchasing an additional 534,875 shares during the quarter. Royal Bank of Canada owned approximately 0.72% of JPMorgan Ultra-Short Income ETF worth $271,917,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Nicholson Meyer Capital Management Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% in the first quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock worth $1,128,000 after buying an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in JPMorgan Ultra-Short Income ETF by 2.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock valued at $434,000 after acquiring an additional 221 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 1.2% in the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after acquiring an additional 227 shares during the last quarter. Keel Point LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 1.4% in the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after acquiring an additional 239 shares during the last quarter. Finally, Atticus Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 3.2% in the 4th quarter. Atticus Wealth Management LLC now owns 7,897 shares of the company’s stock worth $399,000 after purchasing an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.54 on Thursday. The firm has a market capitalization of $40.35 billion, a price-to-earnings ratio of 109.87 and a beta of 0.01. The company’s 50 day simple moving average is $50.49 and its two-hundred day simple moving average is $50.56. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.39 and a 1-year high of $50.79.

About JPMorgan Ultra-Short Income ETF

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.