Dynamic Advisor Solutions LLC Buys 51,708 Shares of JPMorgan Ultra-Short Income ETF $JPST

Dynamic Advisor Solutions LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.6% in the second quarter, HoldingsChannel.com reports. The firm owned 654,851 shares of the company’s stock after buying an additional 51,708 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 0.9% of Dynamic Advisor Solutions LLC’s holdings, making the stock its 17th largest holding. Dynamic Advisor Solutions LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $33,116,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in JPST. Millennium Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 23.0% in the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after acquiring an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at about $3,603,000. EverSource Wealth Advisors LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 99.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after acquiring an additional 496 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $203,000. Finally, Brown Advisory Inc. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.6% during the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after purchasing an additional 431 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.41 on Thursday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The stock has a market capitalization of $40.31 billion, a PE ratio of 109.59 and a beta of 0.01. The business’s 50-day moving average is $50.48 and its 200 day moving average is $50.55.

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.