Sterling Investment Advisors Ltd. Grows Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Sterling Investment Advisors Ltd. lifted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 306.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,097 shares of the company’s stock after purchasing an additional 34,747 shares during the period. Sterling Investment Advisors Ltd.’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Advisory LLC raised its position in JPMorgan Ultra-Short Income ETF by 4.5% in the 1st quarter. Cornerstone Advisory LLC now owns 201,340 shares of the company’s stock valued at $10,190,000 after purchasing an additional 8,620 shares in the last quarter. Nwam LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 4.5% during the first quarter. Nwam LLC now owns 66,514 shares of the company’s stock worth $3,366,000 after buying an additional 2,837 shares in the last quarter. Fortress Financial Solutions LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth approximately $353,000. HBW Advisory Services LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 5.1% during the first quarter. HBW Advisory Services LLC now owns 228,084 shares of the company’s stock worth $11,543,000 after buying an additional 10,990 shares during the period. Finally, Chicago Partners Investment Group LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 1.5% in the first quarter. Chicago Partners Investment Group LLC now owns 115,862 shares of the company’s stock valued at $5,858,000 after acquiring an additional 1,730 shares in the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

Shares of NYSEARCA:JPST opened at $50.47 on Wednesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.79. The firm’s 50 day moving average price is $50.49 and its 200 day moving average price is $50.57. The stock has a market cap of $39.89 billion, a price-to-earnings ratio of 109.72 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Company 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.