JPMorgan Ultra-Short Income ETF $JPST Stake Boosted by Patten & Patten Inc. TN

Patten & Patten Inc. TN lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 176.0% during the third quarter, Holdings Channel reports. The firm owned 48,576 shares of the company’s stock after buying an additional 30,979 shares during the period. Patten & Patten Inc. TN’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPST. Sandy Cove Advisors LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 3,571.4% in the third quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock valued at $7,646,000 after purchasing an additional 146,606 shares during the period. Beacon Financial Advisory LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 13.0% in the 3rd quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock worth $5,694,000 after buying an additional 12,895 shares in the last quarter. Allen Capital Group LLC increased its position in JPMorgan Ultra-Short Income ETF by 16.1% in the 3rd quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock valued at $12,767,000 after acquiring an additional 34,921 shares during the period. Hershey Financial Advisers LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $3,946,000. Finally, Crane Advisory LLC raised its stake in JPMorgan Ultra-Short Income ETF by 4.0% during the 3rd quarter. Crane Advisory LLC now owns 1,477,574 shares of the company’s stock valued at $74,780,000 after acquiring an additional 56,362 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.72 on Friday. The stock has a market cap of $36.18 billion, a price-to-earnings ratio of 110.26 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78. The business has a fifty day moving average of $50.67 and a 200-day moving average of $50.66.

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.