Kensington Asset Management LLC Boosts Position in JPMorgan Ultra-Short Income ETF $JPST

Kensington Asset Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 71.7% during the first quarter, Holdings Channel reports. The institutional investor owned 1,994,639 shares of the company’s stock after buying an additional 832,640 shares during the period. JPMorgan Ultra-Short Income ETF comprises 4.7% of Kensington Asset Management LLC’s holdings, making the stock its 5th biggest position. Kensington Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $100,949,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in JPST. J. Mark Nickell & Co. raised its stake in JPMorgan Ultra-Short Income ETF by 9.4% during the 1st quarter. J. Mark Nickell & Co. now owns 196,636 shares of the company’s stock worth $9,952,000 after acquiring an additional 16,953 shares during the period. Western Wealth Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 55.9% in the first quarter. Western Wealth Management LLC now owns 106,744 shares of the company’s stock worth $5,402,000 after purchasing an additional 38,262 shares during the period. Paragon Private Wealth Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 5.6% in the first quarter. Paragon Private Wealth Management LLC now owns 107,959 shares of the company’s stock worth $5,464,000 after purchasing an additional 5,695 shares during the period. Centaurus Financial Inc. increased 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 worth $13,421,000 after purchasing an additional 6,736 shares in the last quarter. Finally, Ashton Thomas Securities LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 157.7% in the first quarter. Ashton Thomas Securities LLC now owns 71,426 shares of the company’s stock worth $3,615,000 after purchasing an additional 43,710 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.54 on Friday. The company has a market capitalization of $40.35 billion, a price-to-earnings ratio of 109.87 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year high of $50.79. The company’s fifty day moving average price is $50.49 and its 200-day moving average price is $50.56.

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.