Beacon Financial Advisory LLC Acquires 12,895 Shares of JPMorgan Ultra-Short Income ETF $JPST

Beacon Financial Advisory LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,249 shares of the company’s stock after acquiring an additional 12,895 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 1.3% of Beacon Financial Advisory LLC’s portfolio, making the stock its 11th largest holding. Beacon Financial Advisory LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,694,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after buying an additional 46,400 shares during the period. Goldman Sachs Group Inc. purchased a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at about $3,603,000. Diversified Trust Co bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $306,000. Essex Savings Bank lifted its position in shares of JPMorgan Ultra-Short Income ETF by 16.8% in the 2nd quarter. Essex Savings Bank now owns 37,036 shares of the company’s stock worth $1,877,000 after purchasing an additional 5,340 shares during the period. Finally, LongView Wealth Management bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $239,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.67 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.78. The company has a 50-day simple moving average of $50.66 and a two-hundred day simple moving average of $50.65. The company has a market capitalization of $35.95 billion, a PE ratio of 110.15 and a beta of 0.01.

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.