Souders Financial Advisors Increases Position in JPMorgan Ultra-Short Income ETF $JPST

Souders Financial Advisors increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 404,689 shares of the company’s stock after acquiring an additional 17,997 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 2.4% of Souders Financial Advisors’ holdings, making the stock its 10th largest holding. Souders Financial Advisors owned approximately 0.06% of JPMorgan Ultra-Short Income ETF worth $20,530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of JPST. Millennium Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after purchasing an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth $3,603,000. Truist Financial Corp raised its holdings in JPMorgan Ultra-Short Income ETF by 14.0% during the 2nd quarter. Truist Financial Corp now owns 272,875 shares of the company’s stock valued at $13,829,000 after buying an additional 33,497 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at $1,841,000. Finally, Ascent Group LLC boosted its position in JPMorgan Ultra-Short Income ETF by 16.2% during the 2nd quarter. Ascent Group LLC now owns 4,781 shares of the company’s stock valued at $242,000 after buying an additional 665 shares during the period. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

JPST stock opened at $50.78 on Friday. The stock has a market capitalization of $36.43 billion, a price-to-earnings ratio of 110.39 and a beta of 0.01. The firm’s 50-day moving average price is $50.68 and its two-hundred day moving average price is $50.66. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month 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.