Bank of America Corp DE Has $819.81 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

Bank of America Corp DE increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 0.1% in the first quarter, HoldingsChannel reports. The firm owned 16,198,546 shares of the company’s stock after purchasing an additional 23,253 shares during the period. Bank of America Corp DE’s holdings in JPMorgan Ultra-Short Income ETF were worth $819,808,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 2.6% in the first quarter. Centaurus Financial Inc. now owns 265,194 shares of the company’s stock valued at $13,421,000 after acquiring an additional 6,736 shares during the last quarter. Ashton Thomas Securities LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 157.7% in the 1st quarter. Ashton Thomas Securities LLC now owns 71,426 shares of the company’s stock worth $3,615,000 after acquiring an additional 43,710 shares in the last quarter. Arkadios Wealth Advisors grew its position in JPMorgan Ultra-Short Income ETF by 31.9% during the 1st quarter. Arkadios Wealth Advisors now owns 62,367 shares of the company’s stock worth $3,156,000 after acquiring an additional 15,093 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 306.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 34,912 shares of the company’s stock worth $1,767,000 after acquiring an additional 26,327 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in JPMorgan Ultra-Short Income ETF by 11.1% during the 1st quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock valued at $271,917,000 after purchasing an additional 534,875 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.54 on Friday. The business’s fifty day moving average is $50.49 and its two-hundred day moving average is $50.56. The firm has a market cap of $40.35 billion, a P/E ratio of 109.87 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.39 and a 52 week high of $50.79.

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.