HighTower Advisors LLC Increases Holdings in JPMorgan Ultra-Short Income ETF $JPST

HighTower Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 34.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,062,461 shares of the company’s stock after purchasing an additional 273,959 shares during the quarter. HighTower Advisors LLC owned approximately 0.15% of JPMorgan Ultra-Short Income ETF worth $53,750,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Millennium Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 23.0% during the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after acquiring an additional 46,400 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at about $3,603,000. EverSource Wealth Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 99.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after acquiring an additional 496 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $203,000. Finally, Brown Advisory Inc. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 7.6% during the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after acquiring an additional 431 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

Shares of JPST opened at $50.53 on Thursday. The company has a market cap of $37.56 billion, a PE ratio of 109.85 and a beta of 0.01. The stock has a 50-day moving average price of $50.53 and a 200-day moving average price of $50.62. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.42 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.