Family Asset Management LLC Acquires 5,913 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Family Asset Management LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.5% during the fourth quarter, Holdings Channel reports. The fund owned 75,349 shares of the company’s stock after purchasing an additional 5,913 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 2.5% of Family Asset Management LLC’s portfolio, making the stock its 10th biggest position. Family Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,785,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 39.9% in the third quarter. JPMorgan Chase & Co. now owns 17,993,049 shares of the company’s stock valued at $902,891,000 after buying an additional 5,127,429 shares during the last quarter. HB Wealth Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 8.4% during the 4th quarter. HB Wealth Management LLC now owns 7,633,421 shares of the company’s stock worth $381,244,000 after acquiring an additional 593,425 shares during the last quarter. Royal Bank of Canada increased its position in JPMorgan Ultra-Short Income ETF by 5.2% in the 3rd quarter. Royal Bank of Canada now owns 3,877,960 shares of the company’s stock valued at $194,596,000 after acquiring an additional 190,121 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 11.1% in the third quarter. Envestnet Asset Management Inc. now owns 3,633,537 shares of the company’s stock worth $182,331,000 after acquiring an additional 363,322 shares during the last quarter. Finally, Townsquare Capital LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 2.9% during the third quarter. Townsquare Capital LLC now owns 2,638,356 shares of the company’s stock worth $132,393,000 after purchasing an additional 75,005 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST remained flat at $50.28 during mid-day trading on Monday. 4,071,274 shares of the stock traded hands, compared to its average volume of 3,904,867. The business has a 50 day simple moving average of $50.34 and a 200-day simple moving average of $50.30. JPMorgan Ultra-Short Income ETF has a twelve month low of $49.93 and a twelve month high of $50.51.

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.