Phoenix Wealth Advisors Buys 161,771 Shares of JPMorgan Ultra-Short Income ETF $JPST

Phoenix Wealth Advisors increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 35.0% in the third quarter, Holdings Channel.com reports. The firm owned 623,861 shares of the company’s stock after purchasing an additional 161,771 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 12.2% of Phoenix Wealth Advisors’ investment portfolio, making the stock its largest position. Phoenix Wealth Advisors’ holdings in JPMorgan Ultra-Short Income ETF were worth $31,648,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Brentview Investment Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at about $35,000. Silicon Valley Capital Partners acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $37,000. American National Bank & Trust acquired a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $38,000. Frazier Financial Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $41,000. Finally, Quaker Wealth Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 173.1% during the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after acquiring an additional 1,906 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of JPST opened at $50.67 on Friday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.78. The stock has a market capitalization of $35.95 billion, a P/E ratio of 110.15 and a beta of 0.01. The company has a 50 day moving average of $50.66 and a 200-day moving average of $50.65.

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.