Phoenix Wealth Advisors lifted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 55.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,550,530 shares of the company’s stock after buying an additional 555,561 shares during the period. JPMorgan Ultra-Short Income ETF comprises 23.2% of Phoenix Wealth Advisors’ portfolio, making the stock its largest holding. Phoenix Wealth Advisors owned about 0.18% of JPMorgan Ultra-Short Income ETF worth $78,100,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in JPST. Ashton Thomas Private Wealth LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 3.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 204,305 shares of the company’s stock worth $10,291,000 after acquiring an additional 5,866 shares during the period. Palatine Hill Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth about $203,000. Canvas Wealth Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 57.4% in the third quarter. Canvas Wealth Advisors LLC now owns 93,694 shares of the company’s stock worth $4,723,000 after purchasing an additional 34,161 shares during the last quarter. Waldron Private Wealth LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 21.8% during the 3rd quarter. Waldron Private Wealth LLC now owns 16,597 shares of the company’s stock valued at $836,000 after purchasing an additional 2,973 shares during the period. Finally, Syverson Strege & Co grew its stake in shares of JPMorgan Ultra-Short Income ETF by 11.7% during the 3rd quarter. Syverson Strege & Co now owns 236,897 shares of the company’s stock valued at $11,933,000 after purchasing an additional 24,722 shares during the period. Institutional investors own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Trading Up 0.0%
NYSEARCA JPST traded up $0.02 during trading hours on Friday, hitting $50.30. 9,167,335 shares of the company’s stock traded hands, compared to its average volume of 6,954,212. The business’s fifty day moving average price is $50.34 and its two-hundred day moving average price is $50.49. The firm has a market capitalization of $42.55 billion, a P/E ratio of 109.35 and a beta of 0.02. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 week high of $50.79.
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.
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