IFP Advisors Inc Raises Holdings in JPMorgan Ultra-Short Income ETF $JPST

IFP Advisors Inc boosted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 407,436 shares of the company’s stock after purchasing an additional 11,946 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 0.6% of IFP Advisors Inc’s investment portfolio, making the stock its 28th biggest holding. IFP Advisors Inc owned approximately 0.06% of JPMorgan Ultra-Short Income ETF worth $20,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Chelsea Counsel Co. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $25,000. Pandora Wealth Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $34,000. Cooksen Wealth LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $36,000. TD Private Client Wealth LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $48,000. Finally, Sound Income Strategies LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 54.9% during the 2nd quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock worth $59,000 after acquiring an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.61 on Friday. The stock has a 50-day simple moving average of $50.65 and a 200-day simple moving average of $50.57. The stock has a market cap of $34.13 billion, a P/E ratio of 110.02 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.76.

About JPMorgan Ultra-Short Income ETF

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.