Matthew Goff Investment Advisor LLC Buys Shares of 342,661 JPMorgan Ultra-Short Income ETF $JPST

Matthew Goff Investment Advisor LLC acquired a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 2nd quarter, Holdings Channel reports. The firm acquired 342,661 shares of the company’s stock, valued at approximately $17,328,000. JPMorgan Ultra-Short Income ETF accounts for 2.9% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 10th largest holding.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after buying an additional 9,729,791 shares in the last quarter. Morgan Stanley increased its holdings in JPMorgan Ultra-Short Income ETF by 2.4% in the 4th quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock valued at $3,109,705,000 after acquiring an additional 1,449,509 shares during the last quarter. LPL Financial LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after acquiring an additional 1,459,312 shares during the last quarter. Bank of America Corp DE increased its holdings in JPMorgan Ultra-Short Income ETF by 15.3% in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in JPMorgan Ultra-Short Income ETF by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock worth $579,023,000 after purchasing an additional 194,855 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.40 on Friday. The stock has a market capitalization of $40.30 billion, a price-to-earnings ratio of 109.57 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The business’s 50 day simple moving average is $50.48 and its 200-day simple moving average is $50.55.

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.