Sequoia Financial Advisors LLC Purchases 23,533 Shares of JPMorgan Ultra-Short Income ETF $JPST

Sequoia Financial Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 32.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,532 shares of the company’s stock after buying an additional 23,533 shares during the period. Sequoia Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,897,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in JPST. Millennium Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after acquiring an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $3,603,000. Diversified Trust Co bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $306,000. Farther Finance Advisors LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 81.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 76,753 shares of the company’s stock valued at $3,890,000 after purchasing an additional 34,370 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $1,123,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of JPST stock opened at $50.67 on Tuesday. The business has a fifty day simple moving average of $50.66 and a 200 day simple moving average of $50.65. The company has a market cap of $35.95 billion, a P/E ratio of 110.15 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month 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.