Oxbow Advisors LLC Raises Holdings in JPMorgan Ultra-Short Income ETF $JPST

Oxbow Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 14.9% during the first quarter, Holdings Channel.com reports. The fund owned 88,520 shares of the company’s stock after purchasing an additional 11,457 shares during the quarter. Oxbow Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,480,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. HB Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 1.1% during the first quarter. HB Wealth Management LLC now owns 9,550,931 shares of the company’s stock worth $480,897,000 after acquiring an additional 107,822 shares during the last quarter. World Investment Advisors raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 51.8% in the 1st quarter. World Investment Advisors now owns 61,785 shares of the company’s stock worth $3,127,000 after purchasing an additional 21,072 shares during the period. Counterweight Ventures LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $2,117,000. Argos Wealth Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 43.0% in the 1st quarter. Argos Wealth Advisors LLC now owns 5,655 shares of the company’s stock valued at $286,000 after purchasing an additional 1,700 shares in the last quarter. Finally, USAdvisors Wealth Management LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 3.0% in the 1st quarter. USAdvisors Wealth Management LLC now owns 62,194 shares of the company’s stock valued at $3,145,000 after purchasing an additional 1,830 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

Shares of NYSEARCA:JPST opened at $50.42 on Friday. The stock has a 50-day simple moving average of $50.51 and a 200-day simple moving average of $50.59. The stock has a market capitalization of $39.17 billion, a P/E ratio of 109.61 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79.

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.