Beacon Financial Advisory LLC Boosts Position in JPMorgan Ultra-Short Income ETF $JPST

Beacon Financial Advisory LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 19.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 147,998 shares of the company’s stock after purchasing an additional 23,795 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 1.7% of Beacon Financial Advisory LLC’s portfolio, making the stock its 8th largest position. Beacon Financial Advisory LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,490,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of JPST. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after purchasing an additional 9,729,791 shares during the period. Morgan Stanley increased its stake in shares of JPMorgan Ultra-Short Income ETF by 2.4% in the fourth quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock worth $3,109,705,000 after buying an additional 1,449,509 shares during the period. LPL Financial LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after buying an additional 1,459,312 shares during the last quarter. Bank of America Corp DE raised its holdings in JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after buying an additional 2,162,615 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock worth $579,023,000 after acquiring an additional 194,855 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.42 on Friday. The firm’s 50-day moving average price is $50.51 and its two-hundred day moving average price is $50.59. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.39 and a 12-month high of $50.79. The stock has a market capitalization of $39.27 billion, a price-to-earnings ratio of 109.61 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.