JFS Wealth Advisors LLC Raises Stake in JPMorgan Ultra-Short Income ETF $JPST

JFS Wealth Advisors LLC raised its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 292,252 shares of the company’s stock after purchasing an additional 1,080 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 0.9% of JFS Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest position. JFS Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $14,811,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Chelsea Counsel Co. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth $25,000. Pandora Wealth Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth $34,000. Cooksen Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth $36,000. TD Private Client Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth $48,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 54.9% in the second quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock worth $59,000 after buying an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.64 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.76. The company’s fifty day moving average price is $50.65 and its 200-day moving average price is $50.57. The company has a market capitalization of $34.15 billion, a PE ratio of 110.09 and a beta of 0.03.

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.