Pinnacle Associates Ltd. Grows Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Pinnacle Associates Ltd. lifted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 47.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,635 shares of the company’s stock after buying an additional 11,180 shares during the quarter. Pinnacle Associates Ltd.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,752,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Archer Investment Corp lifted its holdings in JPMorgan Ultra-Short Income ETF by 11.2% in the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock valued at $101,000 after purchasing an additional 200 shares in the last quarter. Lakeridge Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 4.5% in the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock valued at $241,000 after purchasing an additional 206 shares in the last quarter. Lantern Wealth Advisors LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 5.0% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock valued at $240,000 after purchasing an additional 226 shares in the last quarter. Condor Capital Management lifted its holdings in JPMorgan Ultra-Short Income ETF by 1.6% in the 3rd quarter. Condor Capital Management now owns 14,607 shares of the company’s stock valued at $741,000 after purchasing an additional 231 shares in the last quarter. Finally, Keel Point LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 1.4% in the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after purchasing an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

NYSEARCA:JPST opened at $50.50 on Friday. The firm has a market cap of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01. The company’s 50-day moving average is $50.53 and its two-hundred day moving average is $50.62. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.42 and a 12-month high of $50.79.

JPMorgan Ultra-Short Income ETF 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.