JPMorgan Ultra-Short Income ETF $JPST Position Boosted by American Financial Advisors LLC

American Financial Advisors LLC boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.8% during the 1st quarter, Holdings Channel reports. The fund owned 213,543 shares of the company’s stock after acquiring an additional 24,305 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 1.4% of American Financial Advisors LLC’s portfolio, making the stock its 22nd largest holding. American Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Cardiff Park Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $25,000. Jackson Hole Capital Partners LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $28,000. Sittner & Nelson LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $30,000. Motiv8 Investments LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $32,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $38,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPST stock opened at $50.49 on Thursday. The company has a market capitalization of $40.01 billion, a P/E ratio of 109.76 and a beta of 0.01. The company has a 50-day simple moving average of $50.49 and a 200 day simple moving average of $50.56. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.39 and a fifty-two week 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.