Greenbush Financial Group LLC Has $5.30 Million Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Greenbush Financial Group LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 104,678 shares of the company’s stock after purchasing an additional 12,161 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 1.8% of Greenbush Financial Group LLC’s holdings, making the stock its 18th biggest position. Greenbush Financial Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mezzasalma Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 70.9% during the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after purchasing an additional 33,446 shares during the period. Webster Bank N. A. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 27.0% in the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock valued at $5,430,000 after buying an additional 22,815 shares during the period. Greenberg Financial Group acquired a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $1,544,000. Buck Wealth Strategies LLC grew its position in JPMorgan Ultra-Short Income ETF by 7.3% during the fourth quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock worth $14,367,000 after buying an additional 19,402 shares in the last quarter. Finally, Optima Capital LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth $3,485,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.48 on Tuesday. The stock has a fifty day moving average price of $50.51 and a 200-day moving average price of $50.59. The company has a market cap of $37.52 billion, a price-to-earnings ratio of 109.74 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79.

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.