Ballentine Capital Advisors Inc Raises Position in JPMorgan Ultra-Short Income ETF $JPST

Ballentine Capital Advisors Inc lifted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 32.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,576 shares of the company’s stock after buying an additional 13,724 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 1.2% of Ballentine Capital Advisors Inc’s portfolio, making the stock its 13th biggest holding. Ballentine Capital Advisors Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,819,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Chelsea Counsel Co. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at $25,000. Brentview Investment Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at $35,000. Silicon Valley Capital Partners bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $37,000. Frazier Financial Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at about $41,000. Finally, Quaker Wealth Management LLC increased its position 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 in the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Down 0.4%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.59 on Friday. The company has a 50 day moving average price of $50.67 and a 200 day moving average price of $50.64. The firm has a market capitalization of $34.17 billion, a P/E ratio of 109.98 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week 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.