B. Riley Wealth Advisors Inc. Takes Position in JPMorgan Ultra-Short Income ETF $JPST

B. Riley Wealth Advisors Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the second quarter, according to its most recent filing with the SEC. The fund bought 152,233 shares of the company’s stock, valued at approximately $7,715,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPST. Temasek Holdings Private Ltd bought a new position in JPMorgan Ultra-Short Income ETF during the first quarter valued at $842,655,000. Bank of America Corp DE lifted its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after buying an additional 2,162,615 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock valued at $562,208,000 after buying an additional 94,082 shares during the last quarter. HB Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 4.0% during the 2nd quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock worth $450,480,000 after acquiring an additional 342,791 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 22.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock worth $346,121,000 after acquiring an additional 1,265,522 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.64 on Friday. The stock has a market capitalization of $34.20 billion, a P/E ratio of 110.09 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78. The stock’s 50-day simple moving average is $50.67 and its 200 day simple moving average is $50.63.

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.