JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 19.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,495 shares of the company’s stock after purchasing an additional 3,922 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,241,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Temasek Holdings Private Ltd acquired a new position in JPMorgan Ultra-Short Income ETF in the first quarter valued at $842,655,000. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the 1st quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock worth $5,068,793,000 after purchasing an additional 2,598,084 shares during the period. LPL Financial LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 19.4% in the 1st quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after purchasing an additional 2,464,430 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 22.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock worth $346,121,000 after purchasing an additional 1,265,522 shares during the period. Finally, Fountainhead AM LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 153.9% during the 1st quarter. Fountainhead AM LLC now owns 1,799,998 shares of the company’s stock worth $91,134,000 after purchasing an additional 1,091,012 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.73 on Wednesday. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.76. The company’s 50 day moving average price is $50.67 and its 200 day moving average price is $50.58. The firm has a market capitalization of $34.21 billion, a price-to-earnings ratio of 110.28 and a beta of 0.03.

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.