Safeguard Investment Advisory Group LLC Makes New $649,000 Investment in JPMorgan Ultra-Short Income ETF $JPST

Safeguard Investment Advisory Group LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the second quarter, HoldingsChannel reports. The institutional investor purchased 12,827 shares of the company’s stock, valued at approximately $649,000.

Several other hedge funds also recently modified their holdings of JPST. Orion Capital Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 2,113.2% during the 2nd quarter. Orion Capital Management LLC now owns 138,036 shares of the company’s stock valued at $6,980,000 after purchasing an additional 131,799 shares during the last quarter. Round Rock Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 5.3% in the 2nd quarter. Round Rock Advisors LLC now owns 953,692 shares of the company’s stock worth $48,228,000 after purchasing an additional 47,631 shares during the last quarter. MBA Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 4.7% in the 2nd quarter. MBA Advisors LLC now owns 98,442 shares of the company’s stock worth $4,978,000 after purchasing an additional 4,386 shares during the last quarter. Birch Capital Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 10.8% in the 2nd quarter. Birch Capital Management LLC now owns 23,249 shares of the company’s stock worth $1,176,000 after purchasing an additional 2,264 shares during the last quarter. Finally, Firestone Capital Management increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 45.0% during the 2nd quarter. Firestone Capital Management now owns 182,866 shares of the company’s stock worth $9,248,000 after purchasing an additional 56,789 shares during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.37 on Thursday. The firm’s 50-day moving average is $50.48 and its 200-day moving average is $50.52. The company has a market cap of $40.28 billion, a price-to-earnings ratio of 109.50 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.35 and a 52-week 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.