JPMorgan Ultra-Short Income ETF $JPST Position Increased by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,260,051 shares of the company’s stock after acquiring an additional 106,107 shares during the quarter. NewEdge Advisors LLC owned 0.16% of JPMorgan Ultra-Short Income ETF worth $63,721,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JPST. XY Planning Network Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 40.5% during the 2nd quarter. XY Planning Network Inc. now owns 24,019 shares of the company’s stock valued at $1,215,000 after purchasing an additional 6,928 shares during the period. BayBridge Capital Group LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 34.5% in the second quarter. BayBridge Capital Group LLC now owns 119,796 shares of the company’s stock worth $6,058,000 after buying an additional 30,751 shares during the period. Waverly Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 34.4% in the second quarter. Waverly Advisors LLC now owns 2,360,792 shares of the company’s stock worth $119,385,000 after buying an additional 603,601 shares during the period. MLG Wealth Management DBA Pine Grove Financial Group purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at $307,000. Finally, HORAN Wealth LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 24.1% during the second quarter. HORAN Wealth LLC now owns 13,192 shares of the company’s stock valued at $667,000 after buying an additional 2,564 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

Shares of JPST opened at $50.38 on Wednesday. The business’s 50-day moving average is $50.47 and its 200-day moving average is $50.52. The company has a market capitalization of $40.28 billion, a price-to-earnings ratio of 109.52 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.35 and a fifty-two week high of $50.79.

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.