Adventist Health System Sunbelt Healthcare Corp Buys 1,921,600 Shares of JPMorgan Ultra-Short Income ETF $JPST

Adventist Health System Sunbelt Healthcare Corp boosted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 215.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,811,500 shares of the company’s stock after purchasing an additional 1,921,600 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 5.0% of Adventist Health System Sunbelt Healthcare Corp’s portfolio, making the stock its 8th largest position. Adventist Health System Sunbelt Healthcare Corp owned 0.38% of JPMorgan Ultra-Short Income ETF worth $142,290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 23.0% during the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after buying an additional 46,400 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth $3,603,000. EverSource Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 99.6% in the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after acquiring an additional 496 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $203,000. Finally, Brown Advisory Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after acquiring an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.48 on Friday. The stock has a market cap of $40.00 billion, a P/E ratio of 109.74 and a beta of 0.01. The business’s fifty day simple moving average is $50.49 and its 200-day simple moving average is $50.56. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.39 and a 12-month high of $50.79.

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.