Fortis Capital Advisors LLC Raises Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Fortis Capital Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1,003.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,785 shares of the company’s stock after acquiring an additional 46,182 shares during the period. Fortis Capital Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in JPST. Rossmore Private Capital purchased a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $25,000. Brentview Investment Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $35,000. Silicon Valley Capital Partners purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth $37,000. American National Bank & Trust purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $38,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $41,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.73 on Tuesday. The company has a market cap of $36.21 billion, a P/E ratio of 110.28 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. The firm’s fifty day moving average is $50.67 and its two-hundred day moving average is $50.66.

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.