Strategent Financial LLC Invests $16.43 Million in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Strategent Financial LLC bought a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 326,131 shares of the company’s stock, valued at approximately $16,427,000. JPMorgan Ultra-Short Income ETF makes up about 16.3% of Strategent Financial LLC’s portfolio, making the stock its 3rd largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in JPMorgan Ultra-Short Income ETF by 26.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,544,853 shares of the company’s stock valued at $3,731,666,000 after buying an additional 15,245,816 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in JPMorgan Ultra-Short Income ETF by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,600,636 shares of the company’s stock valued at $690,096,000 after buying an additional 91,729 shares during the period. LPL Financial LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the 3rd quarter. LPL Financial LLC now owns 11,172,018 shares of the company’s stock valued at $566,868,000 after acquiring an additional 789,054 shares during the period. HB Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 11.2% during the fourth quarter. HB Wealth Management LLC now owns 8,316,836 shares of the company’s stock worth $416,590,000 after purchasing an additional 838,189 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,858,342 shares of the company’s stock valued at $297,252,000 after purchasing an additional 103,192 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.58 on Tuesday. The company’s 50 day moving average price is $50.48 and its 200 day moving average price is $50.52. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.75.

JPMorgan Ultra-Short Income ETF 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.