JPMorgan Ultra-Short Income ETF $JPST Stock: Financial Solutions Advisory Group Inc. Raises Position

Financial Solutions Advisory Group Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 77.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 542,565 shares of the company’s stock after purchasing an additional 237,593 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 3.5% of Financial Solutions Advisory Group Inc.’s investment portfolio, making the stock its 8th largest holding. Financial Solutions Advisory Group Inc. owned 0.06% of JPMorgan Ultra-Short Income ETF worth $27,313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Strengthening Families & Communities LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth $28,000. Beacon Financial Strategies CORP purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at $34,000. Allied Private Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at $38,000. Rice Partnership LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 327.5% during the first quarter. Rice Partnership LLC now owns 855 shares of the company’s stock valued at $43,000 after buying an additional 655 shares during the last quarter. Finally, Abound Wealth Management boosted its position in shares of JPMorgan Ultra-Short Income ETF by 1,963.3% during the second quarter. Abound Wealth Management now owns 1,011 shares of the company’s stock valued at $51,000 after buying an additional 962 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.41 on Friday. 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 50-day moving average of $50.37 and a 200 day moving average of $50.51. The company has a market capitalization of $43.11 billion, a price-to-earnings ratio of 109.59 and a beta of 0.01.

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.