American Financial Advisors LLC Grows Holdings in JPMorgan Ultra-Short Income ETF $JPST

American Financial Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,543 shares of the company’s stock after buying an additional 24,305 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 1.4% of American Financial Advisors LLC’s holdings, making the stock its 22nd biggest holding. American Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,807,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPST. Cardiff Park Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Jackson Hole Capital Partners LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $28,000. Sittner & Nelson LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $30,000. Motiv8 Investments LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth $38,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.49 on Thursday. The firm has a market cap of $40.01 billion, a PE ratio of 109.76 and a beta of 0.01. The firm’s 50-day simple moving average is $50.49 and its 200-day simple moving average is $50.56. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79.

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.