PNC Financial Services Group Inc. Increases Stock Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

PNC Financial Services Group Inc. lifted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 624.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,319 shares of the company’s stock after purchasing an additional 7,170 shares during the quarter. PNC Financial Services Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $421,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of JPST. Alliancebernstein L.P. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $613,000. CreativeOne Wealth LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 77.8% during the 4th quarter. CreativeOne Wealth LLC now owns 10,767 shares of the company’s stock valued at $542,000 after acquiring an additional 4,713 shares during the period. Regal Investment Advisors LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 10.6% during the 4th quarter. Regal Investment Advisors LLC now owns 15,384 shares of the company’s stock valued at $775,000 after acquiring an additional 1,474 shares during the period. NewEdge Advisors LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 24.2% during the 4th quarter. NewEdge Advisors LLC now owns 489,906 shares of the company’s stock valued at $24,677,000 after acquiring an additional 95,546 shares during the period. Finally, Foster Dykema Cabot & Partners LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 5.1% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 2,483,092 shares of the company’s stock valued at $125,587,000 after acquiring an additional 120,527 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

JPST opened at $50.61 on Friday. The business has a fifty day moving average of $50.56 and a 200 day moving average of $50.53. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.75. The stock has a market cap of $32.31 billion, a P/E ratio of 110.02 and a beta of 0.03.

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.