Franklin Resources Inc. Has $32.65 Million Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Franklin Resources Inc. raised its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 0.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 644,297 shares of the company’s stock after purchasing an additional 4,557 shares during the quarter. Franklin Resources Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $32,653,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cozad Asset Management Inc. increased its position in shares of JPMorgan Ultra-Short Income ETF by 3.8% during the first quarter. Cozad Asset Management Inc. now owns 40,066 shares of the company’s stock worth $2,029,000 after buying an additional 1,470 shares during the period. Geneos Wealth Management Inc. boosted its position in JPMorgan Ultra-Short Income ETF by 53.4% during the first quarter. Geneos Wealth Management Inc. now owns 137,572 shares of the company’s stock valued at $6,965,000 after acquiring an additional 47,902 shares during the last quarter. MMA Asset Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 4.9% during the 1st quarter. MMA Asset Management LLC now owns 37,987 shares of the company’s stock worth $1,923,000 after acquiring an additional 1,764 shares during the period. Arkadios Wealth Advisors raised its position in shares of JPMorgan Ultra-Short Income ETF by 31.1% in the 1st quarter. Arkadios Wealth Advisors now owns 45,192 shares of the company’s stock worth $2,288,000 after acquiring an additional 10,708 shares in the last quarter. Finally, Entruity Wealth LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 62.4% in the 1st quarter. Entruity Wealth LLC now owns 31,231 shares of the company’s stock valued at $1,581,000 after purchasing an additional 12,002 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.74 on Thursday. The stock’s 50-day moving average is $50.68 and its 200 day moving average is $50.62. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.78. The firm has a market cap of $34.27 billion, a price-to-earnings ratio of 110.30 and a beta of 0.01.

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.