Kwmg LLC Acquires 23,430 Shares of JPMorgan Ultra-Short Income ETF $JPST

Kwmg LLC grew its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 332,252 shares of the company’s stock after buying an additional 23,430 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 1.2% of Kwmg LLC’s portfolio, making the stock its 29th largest position. Kwmg LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $16,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JPST. JPMorgan Chase & Co. grew its holdings in JPMorgan Ultra-Short Income ETF by 10.1% during the 4th quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after acquiring an additional 9,729,791 shares during the last quarter. Morgan Stanley raised its stake in shares of JPMorgan Ultra-Short Income ETF by 2.4% in the fourth quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock worth $3,109,705,000 after acquiring an additional 1,449,509 shares during the last quarter. LPL Financial LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 8.0% in the fourth quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after acquiring an additional 1,459,312 shares during the last quarter. Bank of America Corp DE lifted its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock worth $579,023,000 after purchasing an additional 194,855 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.44 on Friday. The stock has a market capitalization of $40.33 billion, a P/E ratio of 109.65 and a beta of 0.01. The company’s 50 day simple moving average is $50.47 and its 200-day simple moving average is $50.55. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one 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.