Canvas Wealth Advisors LLC Acquires 569 Shares of JPMorgan Ultra-Short Income ETF $JPST

Canvas Wealth Advisors LLC boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,819 shares of the company’s stock after purchasing an additional 569 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,725,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Chelsea Counsel Co. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $25,000. Pandora Wealth Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $34,000. Cooksen Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $36,000. Frazier Financial Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $41,000. Finally, TD Private Client Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $48,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.72 on Monday. The stock has a market capitalization of $34.20 billion, a price-to-earnings ratio of 110.26 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.76. The business’s 50 day simple moving average is $50.67 and its 200-day simple moving average is $50.58.

JPMorgan Ultra-Short Income ETF 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.