JPMorgan Ultra-Short Income ETF $JPST Stock Holdings Lifted by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.9% during the 4th quarter, HoldingsChannel reports. The firm owned 308,311 shares of the company’s stock after buying an additional 14,353 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 4.2% of Cerro Pacific Wealth Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Cerro Pacific Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,597,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in JPST. Millennium Management LLC raised 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 valued at $12,575,000 after buying an additional 46,400 shares during the period. Goldman Sachs Group Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $3,603,000. EverSource Wealth Advisors LLC grew its stake in JPMorgan Ultra-Short Income ETF by 99.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after acquiring an additional 496 shares in the last quarter. First Trust Advisors LP purchased a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $203,000. Finally, Brown Advisory Inc. increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after purchasing an additional 431 shares during the period. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.43 on Tuesday. The company has a 50 day simple moving average of $50.57 and a 200-day simple moving average of $50.64. The firm has a market capitalization of $37.48 billion, a price-to-earnings ratio of 109.63 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.41 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.