JPMorgan Ultra-Short Income ETF $JPST Shares Purchased by MCF Advisors LLC

MCF Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1,036.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 101,248 shares of the company’s stock after purchasing an additional 92,341 shares during the period. MCF Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,120,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPST. Millennium Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 23.0% during the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after acquiring an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $3,603,000. EverSource Wealth Advisors LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 99.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after purchasing an additional 496 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $203,000. Finally, Brown Advisory Inc. grew its position in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after purchasing an additional 431 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

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.40 on Thursday. JPMorgan Ultra-Short Income ETF has a one year low of $50.35 and a one year high of $50.79. The company has a market cap of $40.30 billion, a price-to-earnings ratio of 109.57 and a beta of 0.01. The business’s 50 day moving average price is $50.47 and its 200 day moving average price is $50.51.

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.