Rollins Financial Advisors LLC Increases Holdings in JPMorgan Ultra-Short Income ETF $JPST

Rollins Financial Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 337.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,504 shares of the company’s stock after purchasing an additional 17,360 shares during the quarter. Rollins Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,138,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JPST. Argos Wealth Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $200,000. Mason Street Advisors LLC increased its stake in JPMorgan Ultra-Short Income ETF by 2.6% in the 4th quarter. Mason Street Advisors LLC now owns 480,735 shares of the company’s stock worth $24,320,000 after purchasing an additional 12,165 shares during the period. Investment Advisory Services Group LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $9,437,000. Prosperitas Financial LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $1,874,000. Finally, Money Concepts Capital Corp increased its stake in JPMorgan Ultra-Short Income ETF by 7.0% in the 4th quarter. Money Concepts Capital Corp now owns 40,420 shares of the company’s stock worth $2,045,000 after purchasing an additional 2,633 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.50 on Wednesday. The business’s 50 day simple moving average is $50.54 and its two-hundred day simple moving average is $50.63. The stock has a market capitalization of $37.53 billion, a P/E ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.42 and a one 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.