AE Wealth Management LLC Has $17.07 Million Stock Position in JPMorgan Ultra-Short Income ETF $JPST

AE Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.9% during the 3rd quarter, Holdings Channel reports. The fund owned 336,526 shares of the company’s stock after acquiring an additional 12,743 shares during the period. AE Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $17,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Sandy Cove Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 3,571.4% in the 3rd quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock worth $7,646,000 after purchasing an additional 146,606 shares during the period. Beacon Financial Advisory LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 13.0% during the third quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock worth $5,694,000 after buying an additional 12,895 shares during the period. Hershey Financial Advisers LLC bought a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth $3,946,000. Allen Capital Group LLC raised its stake in JPMorgan Ultra-Short Income ETF by 16.1% during the third quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock worth $12,767,000 after buying an additional 34,921 shares during the last quarter. Finally, Crane Advisory LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 4.0% in the third 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 period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.75 on Friday. The firm’s fifty day simple moving average is $50.67 and its two-hundred day simple moving average is $50.66. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.78. The stock has a market capitalization of $36.41 billion, a P/E ratio of 110.33 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.