Beacon Bank & Trust Purchases 32,016 Shares of JPMorgan Ultra-Short Income ETF $JPST

Beacon Bank & Trust grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.7% in the 3rd quarter, Holdings Channel reports. The fund owned 598,172 shares of the company’s stock after acquiring an additional 32,016 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 6.5% of Beacon Bank & Trust’s investment portfolio, making the stock its 3rd biggest position. Beacon Bank & Trust’s holdings in JPMorgan Ultra-Short Income ETF were worth $30,345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of JPST. Brentview Investment Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at about $35,000. Silicon Valley Capital Partners purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at approximately $37,000. American National Bank & Trust acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $38,000. Frazier Financial Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $41,000. Finally, Quaker Wealth Management LLC increased its stake 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 worth $41,000 after buying an additional 1,906 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.63 on Friday. The company has a market capitalization of $35.86 billion, a price-to-earnings ratio of 110.07 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.78. The company’s fifty day moving average price is $50.66 and its two-hundred day moving average price is $50.65.

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.