USAdvisors Wealth Management LLC Grows Position in JPMorgan Ultra-Short Income ETF $JPST

USAdvisors Wealth Management LLC increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.7% in the second quarter, HoldingsChannel reports. The firm owned 47,780 shares of the company’s stock after purchasing an additional 1,254 shares during the quarter. USAdvisors Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,421,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JPST. Thurston Springer Miller Herd & Titak Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 36.1% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,916 shares of the company’s stock valued at $148,000 after buying an additional 774 shares during the last quarter. Signal Advisors Wealth LLC raised its stake in JPMorgan Ultra-Short Income ETF by 86.3% during the first quarter. Signal Advisors Wealth LLC now owns 8,469 shares of the company’s stock valued at $429,000 after buying an additional 3,922 shares during the last quarter. Sovereign Financial Group Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 30.7% during the first quarter. Sovereign Financial Group Inc. now owns 37,441 shares of the company’s stock valued at $1,896,000 after buying an additional 8,796 shares during the last quarter. Verum Partners LLC raised its stake in JPMorgan Ultra-Short Income ETF by 4.6% during the first quarter. Verum Partners LLC now owns 320,108 shares of the company’s stock valued at $16,207,000 after buying an additional 14,169 shares during the last quarter. Finally, Strategent Financial LLC raised its stake in JPMorgan Ultra-Short Income ETF by 5.6% during the first quarter. Strategent Financial LLC now owns 344,465 shares of the company’s stock valued at $17,440,000 after buying an additional 18,334 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

Shares of NYSEARCA:JPST opened at $50.61 on Friday. The stock has a fifty day simple moving average of $50.65 and a two-hundred day simple moving average of $50.57. The stock has a market capitalization of $34.00 billion, a price-to-earnings ratio of 110.02 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.76.

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.