JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Position Boosted by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 456,509 shares of the company’s stock after purchasing an additional 6,738 shares during the quarter. Franklin Resources Inc. owned 0.10% of JPMorgan Ultra-Short Income ETF worth $23,072,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kennebec Savings Bank purchased a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at about $27,000. Hershey Financial Advisers LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $30,000. Whittier Trust Co. boosted its stake in JPMorgan Ultra-Short Income ETF by 29.5% in the 3rd quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock worth $66,000 after purchasing an additional 295 shares during the period. Wagner Wealth Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 188.4% in the 3rd quarter. Wagner Wealth Management LLC now owns 1,693 shares of the company’s stock worth $86,000 after purchasing an additional 1,106 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in JPMorgan Ultra-Short Income ETF by 238.4% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,692 shares of the company’s stock worth $86,000 after purchasing an additional 1,192 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.47 on Friday. The stock has a fifty day moving average of $50.50 and a 200-day moving average of $50.50. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.20 and a 12-month high of $50.75.

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.