Sequoia Financial Advisors LLC Has $4.90 Million Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Sequoia Financial Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 32.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 96,532 shares of the company’s stock after buying an additional 23,533 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,897,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of JPST. McBroom & Associates LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 12.9% during the 3rd quarter. McBroom & Associates LLC now owns 31,352 shares of the company’s stock valued at $1,590,000 after acquiring an additional 3,587 shares in the last quarter. Bfsg LLC raised its position in JPMorgan Ultra-Short Income ETF by 7.4% in the third quarter. Bfsg LLC now owns 226,834 shares of the company’s stock valued at $11,507,000 after purchasing an additional 15,638 shares during the last quarter. SOL Capital Management CO boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 17.8% during the third quarter. SOL Capital Management CO now owns 241,711 shares of the company’s stock valued at $12,262,000 after purchasing an additional 36,438 shares in the last quarter. Phoenix Wealth Advisors grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 35.0% during the third quarter. Phoenix Wealth Advisors now owns 623,861 shares of the company’s stock worth $31,648,000 after purchasing an additional 161,771 shares during the last quarter. Finally, Confluence Wealth Services Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.4% during the third quarter. Confluence Wealth Services Inc. now owns 27,465 shares of the company’s stock worth $1,393,000 after purchasing an additional 1,146 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.67 on Tuesday. The company has a 50 day simple moving average of $50.66 and a 200 day simple moving average of $50.65. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78. The firm has a market cap of $35.95 billion, a PE ratio of 110.15 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.