Frisch Financial Group Inc. Grows Stock Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Frisch Financial Group Inc. boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 38.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 606,151 shares of the company’s stock after acquiring an additional 167,971 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 9.2% of Frisch Financial Group Inc.’s portfolio, making the stock its largest holding. Frisch Financial Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $30,592,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JPST. JPMorgan Chase & Co. increased its stake in JPMorgan Ultra-Short Income ETF by 30.0% in the first quarter. JPMorgan Chase & Co. now owns 45,690,839 shares of the company’s stock valued at $2,305,103,000 after acquiring an additional 10,546,138 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $93,574,000. Cetera Investment Advisers grew its stake in shares of JPMorgan Ultra-Short Income ETF by 927.2% during the first quarter. Cetera Investment Advisers now owns 1,790,596 shares of the company’s stock valued at $90,336,000 after buying an additional 1,616,273 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 37.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,833,237 shares of the company’s stock valued at $243,837,000 after buying an additional 1,317,710 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 13.5% during the second quarter. LPL Financial LLC now owns 10,382,964 shares of the company’s stock valued at $524,028,000 after buying an additional 1,235,482 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Stock Up 0.1 %

Shares of NYSEARCA:JPST opened at $50.64 on Tuesday. The stock’s 50-day moving average price is $50.53 and its 200-day moving average price is $50.41. JPMorgan Ultra-Short Income ETF has a 12-month low of $49.96 and a 12-month high of $50.68.

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.