HB Wealth Management LLC Boosts Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

HB Wealth Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,316,836 shares of the company’s stock after purchasing an additional 838,189 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 4.3% of HB Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest holding. HB Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $416,590,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 26.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 73,544,853 shares of the company’s stock worth $3,731,666,000 after buying an additional 15,245,816 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,600,636 shares of the company’s stock worth $690,096,000 after purchasing an additional 91,729 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the 3rd quarter. LPL Financial LLC now owns 11,172,018 shares of the company’s stock worth $566,868,000 after purchasing an additional 789,054 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,858,342 shares of the company’s stock worth $297,252,000 after purchasing an additional 103,192 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 9.5% in the 3rd quarter. Cerity Partners LLC now owns 3,570,373 shares of the company’s stock worth $181,161,000 after purchasing an additional 308,312 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST traded up $0.01 during trading hours on Friday, reaching $50.49. The stock had a trading volume of 3,961,660 shares, compared to its average volume of 5,760,778. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.75. The firm has a 50-day simple moving average of $50.48 and a 200 day simple moving average of $50.51.

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.