PNC Financial Services Group Inc. Acquires 7,170 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

PNC Financial Services Group Inc. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 624.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,319 shares of the company’s stock after purchasing an additional 7,170 shares during the quarter. PNC Financial Services Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPST. Logan Capital Management Inc. bought a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $27,000. Cooksen Wealth LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $36,000. Cohalo Advisory LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $55,000. Coppell Advisory Solutions LLC increased its stake in JPMorgan Ultra-Short Income ETF by 32.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,161 shares of the company’s stock worth $59,000 after acquiring an additional 286 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $68,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.61 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.75. The stock’s 50 day simple moving average is $50.56 and its two-hundred day simple moving average is $50.53. The company has a market cap of $32.31 billion, a price-to-earnings ratio of 110.02 and a beta of 0.03.

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.