West Paces Advisors Inc. Increases Stake in JPMorgan Ultra-Short Income ETF $JPST

West Paces Advisors Inc. increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 15.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 139,210 shares of the company’s stock after buying an additional 19,012 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 1.4% of West Paces Advisors Inc.’s portfolio, making the stock its 14th biggest position. West Paces Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,062,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JPST. Chelsea Counsel Co. acquired a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $25,000. Brentview Investment Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $35,000. Silicon Valley Capital Partners purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at $37,000. American National Bank & Trust purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at $38,000. Finally, Frazier Financial Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at $41,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.62 on Monday. The business has a 50-day moving average of $50.67 and a two-hundred day moving average of $50.65. The company has a market capitalization of $35.42 billion, a price-to-earnings ratio of 110.04 and a beta of 0.01. 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 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.