JPMorgan Ultra-Short Income ETF $JPST Stock Purchased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC grew its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1,286.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 123,740 shares of the company’s stock after buying an additional 114,818 shares during the quarter. Sax Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,233,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Strengthening Families & Communities LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth $28,000. Motiv8 Investments LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $32,000. Beacon Financial Strategies CORP purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth about $34,000. Allied Private Wealth LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth about $38,000. Finally, Rice Partnership LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 327.5% in the first quarter. Rice Partnership LLC now owns 855 shares of the company’s stock valued at $43,000 after acquiring an additional 655 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPST stock traded up $0.01 during trading hours on Tuesday, hitting $50.30. 4,066,512 shares of the company were exchanged, compared to its average volume of 6,786,089. The firm has a fifty day simple moving average of $50.40 and a 200 day simple moving average of $50.47. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.20 and a 52-week high of $50.79. The stock has a market capitalization of $42.40 billion, a price-to-earnings ratio of 109.34 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.