JPMorgan Ultra-Short Income ETF $JPST Stock Purchased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. boosted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 21.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 121,159 shares of the company’s stock after buying an additional 21,238 shares during the period. Pinnacle Associates Ltd.’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,103,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Integrated Advisors Network LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 15.2% in the 3rd quarter. Integrated Advisors Network LLC now owns 15,488 shares of the company’s stock worth $780,000 after purchasing an additional 2,042 shares during the period. Taylor Securities Services Inc. grew its position in JPMorgan Ultra-Short Income ETF by 3.0% during the 3rd quarter. Taylor Securities Services Inc. now owns 246,021 shares of the company’s stock worth $12,392,000 after purchasing an additional 7,089 shares in the last quarter. MBM Wealth Consultants LLC grew its position in JPMorgan Ultra-Short Income ETF by 7.8% during the 3rd quarter. MBM Wealth Consultants LLC now owns 604,634 shares of the company’s stock worth $30,455,000 after purchasing an additional 43,672 shares in the last quarter. Stewardship Advisors LLC raised its stake in JPMorgan Ultra-Short Income ETF by 1.6% during the 3rd quarter. Stewardship Advisors LLC now owns 85,603 shares of the company’s stock valued at $4,312,000 after purchasing an additional 1,325 shares during the period. Finally, Tred Avon Family Wealth LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $469,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

JPST opened at $50.38 on Friday. The stock has a fifty day moving average of $50.38 and a 200-day moving average of $50.46. The firm has a market capitalization of $42.88 billion, a P/E ratio of 109.52 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.20 and a 12-month high of $50.79.

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.