Strategic Wealth Advisors LLC Buys 20,753 Shares of JPMorgan Ultra-Short Income ETF $JPST

Strategic Wealth Advisors LLC increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 23.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,645 shares of the company’s stock after purchasing an additional 20,753 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 4.5% of Strategic Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Strategic Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,599,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 23.0% during the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after purchasing an additional 46,400 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth $3,603,000. EverSource Wealth Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 99.6% in the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after buying an additional 496 shares during the period. First Trust Advisors LP acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at $203,000. Finally, Brown Advisory Inc. boosted its stake in JPMorgan Ultra-Short Income ETF by 7.6% during the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after buying an additional 431 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST remained flat at $50.45 during mid-day trading on Friday. The company had a trading volume of 7,859,971 shares, compared to its average volume of 6,763,187. The business’s fifty day moving average price is $50.50 and its two-hundred day moving average price is $50.58. The company has a market cap of $39.78 billion, a price-to-earnings ratio of 109.67 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79.

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.