Avestar Capital LLC Has $15.37 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Avestar Capital LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 28.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 303,249 shares of the company’s stock after buying an additional 67,308 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 1.1% of Avestar Capital LLC’s holdings, making the stock its 15th biggest position. Avestar Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,369,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of JPST. Chelsea Counsel Co. bought a new position in JPMorgan Ultra-Short Income ETF during the first quarter worth about $25,000. Pandora Wealth Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $34,000. Brentview Investment Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $35,000. Frazier Financial Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $41,000. Finally, Quaker Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 173.1% in the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after buying an additional 1,906 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.61 on Friday. The stock has a market cap of $34.18 billion, a P/E ratio of 110.02 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78. The stock has a 50 day simple moving average of $50.67 and a 200 day simple moving average of $50.62.

About JPMorgan Ultra-Short Income ETF

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.