Crane Advisory LLC Purchases 503,286 Shares of JPMorgan Ultra-Short Income ETF $JPST

Crane Advisory LLC raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 54.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,421,212 shares of the company’s stock after buying an additional 503,286 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 11.9% of Crane Advisory LLC’s holdings, making the stock its 4th biggest holding. Crane Advisory LLC owned 0.22% of JPMorgan Ultra-Short Income ETF worth $71,828,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JPST. NorthCrest Asset Manangement LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $365,000. Cerro Pacific Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 62.3% during the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 221,374 shares of the company’s stock valued at $11,151,000 after acquiring an additional 84,972 shares during the period. JGP Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 43.3% during the 1st quarter. JGP Wealth Management LLC now owns 95,281 shares of the company’s stock valued at $4,824,000 after acquiring an additional 28,777 shares during the period. Future Financial Wealth Managment LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 8.5% during the 1st quarter. Future Financial Wealth Managment LLC now owns 45,418 shares of the company’s stock valued at $2,300,000 after acquiring an additional 3,540 shares during the period. Finally, Baker Tilly Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 3.5% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 23,074 shares of the company’s stock valued at $1,168,000 after acquiring an additional 788 shares during the period. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.74 on Friday. The stock has a fifty day moving average price of $50.65 and a 200-day moving average price of $50.56. The company has a market cap of $32.40 billion, a price-to-earnings ratio of 110.30 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.75.

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.