Advisory Alpha LLC Has $8.53 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

Advisory Alpha LLC decreased its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 168,395 shares of the company’s stock after selling 21,669 shares during the quarter. Advisory Alpha LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,534,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Chelsea Counsel Co. acquired a new position in JPMorgan Ultra-Short Income ETF during the first quarter worth about $25,000. Pandora Wealth Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth about $34,000. Cooksen Wealth LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth about $36,000. Frazier Financial Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $41,000. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 75.4% during the second quarter. Cullen Frost Bankers Inc. now owns 949 shares of the company’s stock worth $48,000 after purchasing an additional 408 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

NYSEARCA:JPST opened at $50.75 on Tuesday. The stock has a market cap of $34.28 billion, a P/E ratio of 110.33 and a beta of 0.01. The stock’s 50-day moving average is $50.68 and its 200-day moving average is $50.59. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.76.

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.