Beacon Investment Advisory Services Inc. Purchases 23,133 Shares of JPMorgan Ultra-Short Income ETF $JPST

Beacon Investment Advisory Services Inc. boosted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 640,700 shares of the company’s stock after acquiring an additional 23,133 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 1.2% of Beacon Investment Advisory Services Inc.’s investment portfolio, making the stock its 25th biggest holding. Beacon Investment Advisory Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $32,400,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Nicholson Meyer Capital Management Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock worth $1,128,000 after purchasing an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 2.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after acquiring an additional 221 shares in the last quarter. Whipplewood Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 1.2% during the first quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock worth $936,000 after acquiring an additional 227 shares in the last quarter. Keel Point LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 1.4% in the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after acquiring an additional 239 shares during the last quarter. Finally, Atticus Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 3.2% in the fourth quarter. Atticus Wealth Management LLC now owns 7,897 shares of the company’s stock valued at $399,000 after acquiring an additional 243 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.44 on Friday. The company has a market cap of $40.33 billion, a PE ratio of 109.65 and a beta of 0.01. The firm has a 50-day moving average of $50.47 and a 200-day moving average of $50.55. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year 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.