Pinnacle Wealth Management Advisory Group LLC Has $371,000 Holdings in JPMorgan Ultra-Short Income ETF $JPST

Pinnacle Wealth Management Advisory Group LLC cut its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.4% during the second quarter, HoldingsChannel.com reports. The firm owned 7,329 shares of the company’s stock after selling 3,047 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategent Financial LLC lifted its position in JPMorgan Ultra-Short Income ETF by 1.4% in the second quarter. Strategent Financial LLC now owns 349,122 shares of the company’s stock worth $17,694,000 after purchasing an additional 4,657 shares during the period. San Luis Wealth Advisors LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 36.1% in the 2nd quarter. San Luis Wealth Advisors LLC now owns 674,498 shares of the company’s stock valued at $34,184,000 after buying an additional 179,002 shares during the period. Tiemann Investment Advisors LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 9.3% in the 1st quarter. Tiemann Investment Advisors LLC now owns 135,537 shares of the company’s stock valued at $6,862,000 after buying an additional 11,570 shares in the last quarter. Clear Point Advisors Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 3.1% in the 2nd quarter. Clear Point Advisors Inc. now owns 64,613 shares of the company’s stock valued at $3,275,000 after buying an additional 1,920 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 624.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,319 shares of the company’s stock worth $421,000 after acquiring an additional 7,170 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.62 on Monday. The firm has a market cap of $34.19 billion, a P/E ratio of 110.04 and a beta of 0.01. The firm’s 50-day simple moving average is $50.67 and its 200-day simple moving average is $50.60. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.78.

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.