JPMorgan Ultra-Short Income ETF $JPST Position Boosted by Plotkin Financial Advisors LLC

Plotkin Financial Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 129,543 shares of the company’s stock after buying an additional 13,575 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 3.2% of Plotkin Financial Advisors LLC’s portfolio, making the stock its 10th biggest holding. Plotkin Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,554,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Strive Financial Group LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $53,000. Mercer Global Advisors Inc. ADV increased its stake in JPMorgan Ultra-Short Income ETF by 154.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 330,064 shares of the company’s stock valued at $16,698,000 after buying an additional 200,220 shares during the period. Blue Chip Partners LLC increased its stake in JPMorgan Ultra-Short Income ETF by 9.2% in the 4th quarter. Blue Chip Partners LLC now owns 28,223 shares of the company’s stock valued at $1,428,000 after buying an additional 2,388 shares during the period. Raymond James Financial Inc. lifted its position in JPMorgan Ultra-Short Income ETF by 13.5% in the 4th quarter. Raymond James Financial Inc. now owns 5,897,602 shares of the company’s stock worth $298,360,000 after buying an additional 699,780 shares in the last quarter. Finally, Beacon Pointe Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 2.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 74,054 shares of the company’s stock worth $3,746,000 after buying an additional 1,916 shares in the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of NYSEARCA:JPST opened at $50.50 on Friday. The firm has a fifty day moving average of $50.52 and a two-hundred day moving average of $50.59. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.41 and a 12-month high of $50.79. The firm has a market capitalization of $37.53 billion, a P/E ratio of 109.78 and a beta of 0.01.

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.