Titleist Asset Management LLC Acquires 31,959 Shares of JPMorgan Ultra-Short Income ETF $JPST

Titleist Asset Management LLC grew its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 277.6% during the third quarter, Holdings Channel.com reports. The fund owned 43,473 shares of the company’s stock after acquiring an additional 31,959 shares during the period. Titleist Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,190,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 51.0% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 253,099 shares of the company’s stock worth $12,749,000 after purchasing an additional 85,436 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $300,000. Leverty Financial Group LLC grew its position in JPMorgan Ultra-Short Income ETF by 0.8% in the third quarter. Leverty Financial Group LLC now owns 508,568 shares of the company’s stock worth $25,617,000 after buying an additional 4,146 shares during the last quarter. Wealth Enhancement Trust Services Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 22.0% during the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 107,960 shares of the company’s stock worth $5,438,000 after purchasing an additional 19,458 shares in the last quarter. Finally, Kwmg LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.6% during the 3rd quarter. Kwmg LLC now owns 360,964 shares of the company’s stock worth $18,182,000 after buying an additional 28,712 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST traded up $0.01 during midday trading on Thursday, reaching $50.28. 4,487,092 shares of the company traded hands, compared to its average volume of 6,789,764. The stock’s 50-day simple moving average is $50.41 and its 200-day simple moving average is $50.47. The firm has a market cap of $42.39 billion, a PE ratio of 109.32 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.79.

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.