Plotkin Financial Advisors LLC Acquires 14,939 Shares of JPMorgan Ultra-Short Income ETF $JPST

Plotkin Financial Advisors LLC raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 16.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 104,738 shares of the company’s stock after acquiring an additional 14,939 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 2.9% of Plotkin Financial Advisors LLC’s portfolio, making the stock its 12th largest position. Plotkin Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,308,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth $842,655,000. JPMorgan Chase & Co. raised its stake in JPMorgan Ultra-Short Income ETF by 2.7% during the 1st quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock valued at $5,068,793,000 after purchasing an additional 2,598,084 shares during the last quarter. LPL Financial LLC raised its stake in JPMorgan Ultra-Short Income ETF by 19.4% during the 1st quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after purchasing an additional 2,464,430 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 22.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after purchasing an additional 1,265,522 shares during the period. Finally, Fountainhead AM LLC grew its position in JPMorgan Ultra-Short Income ETF by 153.9% in the 1st quarter. Fountainhead AM LLC now owns 1,799,998 shares of the company’s stock worth $91,134,000 after purchasing an additional 1,091,012 shares during the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.63 on Friday. The firm’s 50-day moving average is $50.68 and its 200-day moving average is $50.60. The company has a market cap of $34.20 billion, a price-to-earnings ratio of 110.07 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78.

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.