Everstar Asset Management LLC has increased its stake in the **JPMorgan Ultra-Short Income ETF (JPST)** by **42.2%** during the second quarter of 2023, according to a recent filing with the **Securities and Exchange Commission (SEC)**. This move has elevated the firm’s holdings to **15,746 shares**, valued at approximately **$798,000**.
During the second quarter, Everstar purchased an additional **4,672 shares** of the ETF, reflecting a significant investment strategy. The increase in ownership indicates growing confidence in the fund’s performance and potential returns.
Several other institutional investors have also adjusted their holdings in the JPMorgan Ultra-Short Income ETF. For instance, **Chelsea Counsel Co.** entered a new position in the first quarter, investing around **$25,000**. Similarly, **Pandora Wealth Inc.** acquired a stake valued at **$34,000**, while **Frazier Financial Advisors LLC** purchased shares worth **$41,000** during the same period.
**Quaker Wealth Management LLC** notably boosted its position by **173.1%**, now owning **805 shares** worth approximately **$41,000** after acquiring an additional **1,906 shares** in the last quarter. Another firm, **Vestor Capital LLC**, also made a new investment in the ETF during the second quarter, valued at **$41,000**. Currently, institutional investors own **2.17%** of the fund’s stock.
JPMorgan Ultra-Short Income ETF’s stock opened at **$50.75** on Monday. The fund boasts a market capitalization of **$34.28 billion**, a price-to-earnings ratio of **110.33**, and a beta of **0.01**, indicating low volatility. Over the past year, the stock has fluctuated between a low of **$50.30** and a high of **$50.78**. The average price over the last fifty days stands at **$50.68**, while the two-hundred-day average is **$50.62**.
About JPMorgan Ultra-Short Income ETF
The **JPMorgan Ultra-Short Income ETF (JPST)** is designed to primarily invest in investment-grade fixed income securities. As an actively managed fund, it aims to maximize income while preserving capital through investments in **USD-denominated debt securities** with an effective duration of one year or less. The fund was launched on **May 17, 2017**, and is managed by **JPMorgan Chase**.
This recent activity among institutional investors suggests a robust interest in the ETF, reflecting broader trends in the fixed-income market as investors seek stable returns in a fluctuating economic environment.
