Essex Financial Services Inc. Has $15.68 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Essex Financial Services Inc. increased its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 309,877 shares of the company’s stock after acquiring an additional 71,372 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 0.9% of Essex Financial Services Inc.’s portfolio, making the stock its 21st biggest holding. Essex Financial Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,677,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in JPST. Cardiff Park Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $25,000. Jackson Hole Capital Partners LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $28,000. MGB Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $30,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $38,000. Finally, TD Private Client Wealth LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 89.1% during the 4th quarter. TD Private Client Wealth LLC now owns 743 shares of the company’s stock worth $38,000 after acquiring an additional 350 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.62 on Friday. The stock’s fifty day moving average price is $50.53 and its two-hundred day moving average price is $50.62. JPMorgan Ultra-Short Income ETF has a one year low of $50.42 and a one year high of $50.79. The firm has a market cap of $37.62 billion, a price-to-earnings ratio of 110.04 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.