Perennial Advisors LLC Raises Stock Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Perennial Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 190,837 shares of the company’s stock after acquiring an additional 15,659 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 1.9% of Perennial Advisors LLC’s holdings, making the stock its 16th biggest holding. Perennial Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,662,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Howe & Rusling Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $26,000. Logan Capital Management Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $27,000. Maryland Capital Advisors Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $31,000. Cyrus J. Lawrence LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $31,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $33,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.45 on Friday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.25 and a twelve month high of $50.75. The company has a 50 day moving average of $50.49 and a two-hundred day moving average of $50.50.

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.