Canvas Wealth Advisors LLC Buys 34,161 Shares of JPMorgan Ultra-Short Income ETF $JPST

Canvas Wealth Advisors LLC increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 57.4% during the third quarter, HoldingsChannel reports. The firm owned 93,694 shares of the company’s stock after acquiring an additional 34,161 shares during the period. Canvas Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Strengthening Families & Communities LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth $28,000. Hughes Financial Services LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 75.8% during the 3rd quarter. Hughes Financial Services LLC now owns 589 shares of the company’s stock worth $30,000 after acquiring an additional 254 shares during the period. Beacon Financial Strategies CORP purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth about $34,000. Allied Private Wealth LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $38,000. Finally, Rice Partnership LLC boosted its position in shares of 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 period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST traded up $0.02 during trading on Friday, reaching $50.30. The company’s stock had a trading volume of 9,167,335 shares, compared to its average volume of 6,954,212. The firm has a fifty day moving average of $50.34 and a 200 day moving average of $50.49. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.79. The stock has a market capitalization of $42.55 billion, a PE ratio of 109.35 and a beta of 0.02.

About JPMorgan Ultra-Short Income ETF

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.