Smithbridge Asset Management Inc. DE Has $4.27 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Smithbridge Asset Management Inc. DE trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 47.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,347 shares of the company’s stock after selling 75,158 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,269,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in JPMorgan Ultra-Short Income ETF by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after acquiring an additional 9,729,791 shares during the last quarter. Morgan Stanley raised its stake in shares of JPMorgan Ultra-Short Income ETF by 2.4% during the fourth quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock worth $3,109,705,000 after buying an additional 1,449,509 shares during the last quarter. LPL Financial LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 8.0% during the fourth quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after buying an additional 1,459,312 shares during the last quarter. Bank of America Corp DE lifted its holdings in JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after buying an additional 2,162,615 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in JPMorgan Ultra-Short Income ETF by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock valued at $579,023,000 after acquiring an additional 194,855 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.40 on Thursday. The firm’s 50 day moving average price is $50.52 and its two-hundred day moving average price is $50.59. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.39 and a 52-week high of $50.79. The stock has a market cap of $39.15 billion, a PE ratio of 109.57 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.