Financial Solutions Advisory Group Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 270,591 shares of the company’s stock, valued at approximately $13,695,000. JPMorgan Ultra-Short Income ETF accounts for about 1.9% of Financial Solutions Advisory Group Inc.’s investment portfolio, making the stock its 12th largest holding.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Keel Point LLC raised its stake in JPMorgan Ultra-Short Income ETF by 15.0% during the 1st quarter. Keel Point LLC now owns 16,892 shares of the company’s stock valued at $855,000 after buying an additional 2,203 shares during the last quarter. Mullaney Keating & Wright Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.2% during the 1st quarter. Mullaney Keating & Wright Inc. now owns 64,658 shares of the company’s stock valued at $3,272,000 after buying an additional 4,892 shares during the period. Lavelle Capital LP purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth $2,004,000. Ruggaard & Associates LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 1.7% in the 1st quarter. Ruggaard & Associates LLC now owns 293,751 shares of the company’s stock worth $14,867,000 after buying an additional 4,830 shares during the last quarter. Finally, Summitry LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth $333,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Price Performance
Shares of JPST opened at $50.54 on Friday. The firm has a market capitalization of $40.41 billion, a P/E ratio of 109.87 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year high of $50.79. The business has a fifty day moving average of $50.49 and a 200 day moving average of $50.56.
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.
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