Charles Schwab Investment Management Inc. Has $690.10 Million Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Charles Schwab Investment Management Inc. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 0.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,600,636 shares of the company’s stock after buying an additional 91,729 shares during the period. Charles Schwab Investment Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $690,096,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cetera Investment Advisers grew its position in shares of JPMorgan Ultra-Short Income ETF by 927.2% in the first quarter. Cetera Investment Advisers now owns 1,790,596 shares of the company’s stock valued at $90,336,000 after purchasing an additional 1,616,273 shares during the last quarter. LPL Financial LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 13.5% in the second quarter. LPL Financial LLC now owns 10,382,964 shares of the company’s stock valued at $524,028,000 after acquiring an additional 1,235,482 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in JPMorgan Ultra-Short Income ETF by 22.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,755,150 shares of the company’s stock worth $292,016,000 after acquiring an additional 1,053,392 shares during the period. Spire Wealth Management raised its stake in JPMorgan Ultra-Short Income ETF by 207.5% during the 2nd quarter. Spire Wealth Management now owns 1,515,432 shares of the company’s stock valued at $76,484,000 after purchasing an additional 1,022,638 shares during the last quarter. Finally, ACT Advisors LLC. bought a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $32,356,000.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.50 on Friday. The company’s fifty day moving average is $50.55 and its two-hundred day moving average is $50.48. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.13 and a 52-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.