Truist Financial Corp Buys 33,497 Shares of JPMorgan Ultra-Short Income ETF $JPST

Truist Financial Corp grew its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 14.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 272,875 shares of the company’s stock after acquiring an additional 33,497 shares during the period. Truist Financial Corp’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,829,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pennsylvania Capital Management Inc. ADV raised its stake in shares of JPMorgan Ultra-Short Income ETF by 6.9% during the second quarter. Pennsylvania Capital Management Inc. ADV now owns 41,408 shares of the company’s stock valued at $2,099,000 after acquiring an additional 2,666 shares in the last quarter. MBA Advisors LLC raised its stake in JPMorgan Ultra-Short Income ETF by 7.0% in the second quarter. MBA Advisors LLC now owns 65,861 shares of the company’s stock worth $3,338,000 after buying an additional 4,333 shares in the last quarter. Legacy Wealth Management Inc raised its stake in JPMorgan Ultra-Short Income ETF by 2.2% in the second quarter. Legacy Wealth Management Inc now owns 1,478,317 shares of the company’s stock worth $74,921,000 after buying an additional 31,818 shares in the last quarter. Park Place Capital Corp bought a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth approximately $909,000. Finally, Asio Capital LLC bought a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth approximately $1,774,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

Shares of NYSEARCA:JPST opened at $50.61 on Friday. The company has a market capitalization of $34.00 billion, a price-to-earnings ratio of 110.02 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.76. The firm has a 50 day moving average of $50.65 and a 200 day moving average of $50.57.

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.