Hershey Financial Advisers LLC Makes New $3.95 Million Investment in JPMorgan Ultra-Short Income ETF $JPST

Hershey Financial Advisers LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 77,867 shares of the company’s stock, valued at approximately $3,946,000. JPMorgan Ultra-Short Income ETF comprises about 3.5% of Hershey Financial Advisers LLC’s investment portfolio, making the stock its 6th biggest holding.

A number of other hedge funds also recently made changes to their positions in JPST. National Bank of Canada FI raised its position in JPMorgan Ultra-Short Income ETF by 7.1% in the first quarter. National Bank of Canada FI now owns 13,239 shares of the company’s stock worth $670,000 after acquiring an additional 874 shares during the period. Nations Financial Group Inc. IA ADV grew its position in shares of JPMorgan Ultra-Short Income ETF by 6.6% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 21,535 shares of the company’s stock valued at $1,090,000 after acquiring an additional 1,334 shares during the period. Alliance Wealth Advisors LLC UT increased its stake in shares of JPMorgan Ultra-Short Income ETF by 9.1% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 300,569 shares of the company’s stock worth $15,218,000 after purchasing an additional 25,144 shares during the last quarter. Elevatus Welath Management raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 598.6% in the 1st quarter. Elevatus Welath Management now owns 333,927 shares of the company’s stock worth $16,907,000 after purchasing an additional 286,126 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 14.4% in the 1st quarter. Raymond James Financial Inc. now owns 3,948,223 shares of the company’s stock worth $199,899,000 after purchasing an additional 496,085 shares during the period. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.64 on Friday. The stock has a fifty day simple moving average of $50.67 and a two-hundred day simple moving average of $50.63. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.78. The firm has a market cap of $34.20 billion, a price-to-earnings ratio of 110.09 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Company 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.