Hershey Financial Advisers LLC Invests $3.95 Million in JPMorgan Ultra-Short Income ETF $JPST

Hershey Financial Advisers LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 77,867 shares of the company’s stock, valued at approximately $3,946,000. JPMorgan Ultra-Short Income ETF makes up approximately 3.5% of Hershey Financial Advisers LLC’s holdings, making the stock its 6th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Temasek Holdings Private Ltd purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth $842,655,000. Bank of America Corp DE raised its stake 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 purchasing an additional 2,162,615 shares during the period. Charles Schwab Investment Management Inc. raised its stake 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 purchasing an additional 94,082 shares during the period. HB Wealth Management LLC lifted its holdings in 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 purchasing an additional 342,791 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake 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 purchasing an additional 1,265,522 shares during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.64 on Friday. The stock has a 50-day simple moving average of $50.67 and a two-hundred day simple moving average of $50.63. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.78. The firm has a market capitalization of $34.20 billion, a PE ratio of 110.09 and a beta of 0.01.

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.