Phoenix Wealth Advisors Acquires 7,199 Shares of JPMorgan Ultra-Short Income ETF $JPST

Phoenix Wealth Advisors raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 462,090 shares of the company’s stock after acquiring an additional 7,199 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 9.8% of Phoenix Wealth Advisors’ investment portfolio, making the stock its largest position. Phoenix Wealth Advisors owned about 0.07% of JPMorgan Ultra-Short Income ETF worth $23,419,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Strategent Financial LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Strategent Financial LLC now owns 349,122 shares of the company’s stock worth $17,694,000 after acquiring an additional 4,657 shares during the period. San Luis Wealth Advisors LLC increased its position in JPMorgan Ultra-Short Income ETF by 36.1% during the second quarter. San Luis Wealth Advisors LLC now owns 674,498 shares of the company’s stock worth $34,184,000 after purchasing an additional 179,002 shares during the last quarter. Tiemann Investment Advisors LLC increased its position in JPMorgan Ultra-Short Income ETF by 9.3% during the first quarter. Tiemann Investment Advisors LLC now owns 135,537 shares of the company’s stock worth $6,862,000 after purchasing an additional 11,570 shares during the last quarter. Clear Point Advisors Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 3.1% during the second quarter. Clear Point Advisors Inc. now owns 64,613 shares of the company’s stock worth $3,275,000 after purchasing an additional 1,920 shares during the period. Finally, Arbor Trust Wealth Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $374,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.62 on Friday. The firm has a 50 day simple moving average of $50.68 and a 200-day simple moving average of $50.60. The stock has a market cap of $34.19 billion, a price-to-earnings ratio of 110.04 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.78.

JPMorgan Ultra-Short Income ETF Company 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.