Parallel Advisors LLC Acquires 32,075 Shares of JPMorgan Ultra-Short Income ETF $JPST

Parallel Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 100.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,971 shares of the company’s stock after acquiring an additional 32,075 shares during the quarter. Parallel Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cardiff Park Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $28,000. Sittner & Nelson LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $30,000. Motiv8 Investments LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $38,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.49 on Tuesday. The firm’s fifty day moving average price is $50.49 and its two-hundred day moving average price is $50.57. The stock has a market cap of $40.01 billion, a PE ratio of 109.76 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.79.

JPMorgan Ultra-Short Income ETF Company 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.