Beacon Financial Advisory LLC Buys 11,954 Shares of JPMorgan Ultra-Short Income ETF $JPST

Beacon Financial Advisory LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,203 shares of the company’s stock after purchasing an additional 11,954 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 1.5% of Beacon Financial Advisory LLC’s holdings, making the stock its 9th largest position. Beacon Financial Advisory LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,283,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JPST. Millennium Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after purchasing an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in JPMorgan Ultra-Short Income ETF during the first quarter worth approximately $3,603,000. EverSource Wealth Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 99.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after purchasing an additional 496 shares in the last quarter. First Trust Advisors LP purchased a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $203,000. Finally, Brown Advisory Inc. boosted its position in JPMorgan Ultra-Short Income ETF by 7.6% during the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after purchasing an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

Shares of JPST stock opened at $50.52 on Tuesday. The company has a market capitalization of $37.55 billion, a P/E ratio of 109.83 and a beta of 0.01. The business’s 50 day moving average is $50.51 and its two-hundred day moving average is $50.60. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.41 and a 12-month high of $50.79.

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.