Beacon Financial Advisory LLC Has $5.69 Million Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Beacon Financial Advisory LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.0% in the third quarter, Holdings Channel reports. The institutional investor owned 112,249 shares of the company’s stock after acquiring an additional 12,895 shares during the period. JPMorgan Ultra-Short Income ETF makes up 1.3% of Beacon Financial Advisory LLC’s investment portfolio, making the stock its 11th largest holding. Beacon Financial Advisory LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,694,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in JPST. Bank of America Corp DE boosted its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares during the period. RiverFront Investment Group LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 941.7% during the second quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock valued at $63,800,000 after buying an additional 1,138,031 shares during the period. Foster Dykema Cabot & Partners LLC increased its stake in JPMorgan Ultra-Short Income ETF by 42.2% in the second quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock worth $193,336,000 after purchasing an additional 1,132,264 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of JPMorgan Ultra-Short Income ETF by 27.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock worth $244,438,000 after acquiring an additional 1,044,337 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 34.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,990,344 shares of the company’s stock valued at $202,169,000 after buying an additional 1,027,118 shares during the period. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of NYSEARCA:JPST opened at $50.67 on Friday. The business’s fifty day simple moving average is $50.66 and its 200-day simple moving average is $50.65. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.78. The company has a market capitalization of $35.95 billion, a PE ratio of 110.15 and a beta of 0.01.

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.