AdvisorNet Financial Inc Has $34.48 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

AdvisorNet Financial Inc grew its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 16.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,593 shares of the company’s stock after buying an additional 95,424 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 2.0% of AdvisorNet Financial Inc’s holdings, making the stock its 4th biggest holding. AdvisorNet Financial Inc owned 0.10% of JPMorgan Ultra-Short Income ETF worth $34,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in JPST. Chelsea Counsel Co. bought a new position in JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $25,000. Brentview Investment Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at about $35,000. Silicon Valley Capital Partners purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $37,000. Quaker Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 173.1% during the second 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. Finally, Vestor Capital LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth about $41,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.70 on Friday. The company has a market cap of $34.24 billion, a PE ratio of 110.22 and a beta of 0.01. The stock’s 50-day moving average is $50.67 and its 200 day moving average is $50.63. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78.

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.