Avestar Capital LLC Purchases 67,308 Shares of JPMorgan Ultra-Short Income ETF $JPST

Avestar Capital LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 28.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 303,249 shares of the company’s stock after acquiring an additional 67,308 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 1.1% of Avestar Capital LLC’s holdings, making the stock its 15th biggest position. Avestar Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,369,000 at the end of the most recent quarter.

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

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.61 on Friday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78. The company has a market cap of $34.18 billion, a P/E ratio of 110.02 and a beta of 0.01. The stock’s 50-day simple moving average is $50.67 and its 200 day simple moving average is $50.62.

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.