Allen Capital Group LLC Has $15.61 Million Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Allen Capital Group LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 22.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 308,587 shares of the company’s stock after purchasing an additional 56,914 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 1.4% of Allen Capital Group LLC’s portfolio, making the stock its 17th biggest position. Allen Capital Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Atticus Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 3.2% in the fourth quarter. Atticus Wealth Management LLC now owns 7,897 shares of the company’s stock worth $399,000 after buying an additional 243 shares during the last quarter. Frazier Financial Advisors LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 36.5% in the fourth quarter. Frazier Financial Advisors LLC now owns 1,931 shares of the company’s stock worth $98,000 after purchasing an additional 516 shares during the period. Prospera Financial Services Inc increased its stake in shares of JPMorgan Ultra-Short Income ETF by 44.5% in the fourth quarter. Prospera Financial Services Inc now owns 196,466 shares of the company’s stock worth $9,940,000 after purchasing an additional 60,548 shares during the period. Strategic Financial Concepts LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 39.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 13,103 shares of the company’s stock worth $663,000 after purchasing an additional 3,679 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 2.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after purchasing an additional 221 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.53 on Monday. The business’s 50-day simple moving average is $50.53 and its 200-day simple moving average is $50.62. The firm has a market capitalization of $37.56 billion, a PE ratio of 109.85 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.42 and a 52 week high of $50.79.

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.