Bay Colony Advisory Group Inc d b a Bay Colony Advisors Invests $1.06 Million in JPMorgan Ultra-Short Income ETF $JPST

Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,926 shares of the company’s stock, valued at approximately $1,062,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after buying an additional 2,162,615 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 22.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock worth $346,121,000 after purchasing an additional 1,265,522 shares during the last quarter. RiverFront Investment Group LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 941.7% during the 2nd quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock worth $63,800,000 after purchasing an additional 1,138,031 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its position in JPMorgan Ultra-Short Income ETF by 42.2% during the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after purchasing an additional 1,132,264 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in JPMorgan Ultra-Short Income ETF by 27.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock valued at $244,438,000 after purchasing an additional 1,044,337 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.63 on Friday. The stock has a market cap of $35.86 billion, a price-to-earnings ratio of 110.07 and a beta of 0.01. The company has a 50 day moving average of $50.66 and a 200-day moving average of $50.65. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.78.

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.