Beacon Pointe Advisors LLC Increases Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Beacon Pointe Advisors LLC raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,052 shares of the company’s stock after purchasing an additional 16,754 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,753,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Chelsea Counsel Co. acquired a new stake in JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $25,000. Pandora Wealth Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth about $34,000. Brentview Investment Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $35,000. Frazier Financial Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $41,000. Finally, Quaker Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 173.1% during the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after purchasing an additional 1,906 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

NYSEARCA:JPST opened at $50.61 on Friday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.78. The company has a market capitalization of $34.18 billion, a P/E ratio of 110.02 and a beta of 0.01. The firm has a 50-day moving average price of $50.67 and a two-hundred day moving average price of $50.62.

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.