JPMorgan Ultra-Short Income ETF $JPST Shares Acquired by Ballentine Capital Advisors Inc

Ballentine Capital Advisors Inc lifted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 32.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,576 shares of the company’s stock after purchasing an additional 13,724 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 1.2% of Ballentine Capital Advisors Inc’s holdings, making the stock its 13th biggest holding. Ballentine Capital Advisors Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,819,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of JPST. Hershey Financial Advisers LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth about $3,946,000. Crane Advisory LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 4.0% in the 3rd quarter. Crane Advisory LLC now owns 1,477,574 shares of the company’s stock valued at $74,780,000 after buying an additional 56,362 shares during the last quarter. Strategent Financial LLC increased its position in JPMorgan Ultra-Short Income ETF by 1.4% during the second quarter. Strategent Financial LLC now owns 349,122 shares of the company’s stock worth $17,694,000 after buying an additional 4,657 shares during the period. San Luis Wealth Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 36.1% during the 2nd quarter. San Luis Wealth Advisors LLC now owns 674,498 shares of the company’s stock worth $34,184,000 after purchasing an additional 179,002 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $7,715,000. Hedge funds and other institutional investors 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 $50.59 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.78. The firm has a fifty day moving average of $50.67 and a two-hundred day moving average of $50.64. The company has a market cap of $34.17 billion, a P/E ratio of 109.98 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Company 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.