D.A. Davidson & CO. Acquires 55,601 Shares of JPMorgan Ultra-Short Income ETF $JPST

D.A. Davidson & CO. raised its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 16.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 395,506 shares of the company’s stock after purchasing an additional 55,601 shares during the period. D.A. Davidson & CO. owned approximately 0.06% of JPMorgan Ultra-Short Income ETF worth $20,064,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPST. Temasek Holdings Private Ltd purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $842,655,000. Bank of America Corp DE lifted its stake in JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after acquiring an additional 2,162,615 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 22.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock worth $346,121,000 after acquiring an additional 1,265,522 shares during the last quarter. RiverFront Investment Group LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 941.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock worth $63,800,000 after acquiring an additional 1,138,031 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 42.2% in the second quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after purchasing an additional 1,132,264 shares during the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.62 on Monday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.78. The firm has a market capitalization of $35.42 billion, a P/E ratio of 110.04 and a beta of 0.01. The company’s 50-day moving average is $50.67 and its 200 day moving average is $50.65.

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.