Shah Wealth Advisors LLC Purchases Shares of 77,195 JPMorgan Ultra-Short Income ETF $JPST

Shah Wealth Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 77,195 shares of the company’s stock, valued at approximately $3,904,000. JPMorgan Ultra-Short Income ETF makes up 0.9% of Shah Wealth Advisors LLC’s portfolio, making the stock its 22nd largest holding.

A number of other hedge funds have also made changes to their positions in JPST. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $25,000. Strengthening Families & Communities LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $28,000. Sittner & Nelson LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $30,000. Motiv8 Investments LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $32,000. Finally, Beacon Financial Strategies CORP purchased a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.39 on Friday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.35 and a fifty-two week high of $50.79. The business has a 50 day moving average price of $50.48 and a two-hundred day moving average price of $50.52. The stock has a market cap of $40.29 billion, a PE ratio of 109.54 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.