Shah Wealth Advisors LLC Takes $3.90 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Shah Wealth Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 77,195 shares of the company’s stock, valued at approximately $3,904,000. JPMorgan Ultra-Short Income ETF makes up about 0.9% of Shah Wealth Advisors LLC’s portfolio, making the stock its 22nd biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hopwood Nicholas Hunter purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at about $528,000. Concurrent Investment Advisors LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 8.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 170,594 shares of the company’s stock worth $8,627,000 after purchasing an additional 13,766 shares during the last quarter. Mason & Associates Inc acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $6,666,000. Retireful LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 5.0% in the 2nd quarter. Retireful LLC now owns 9,986 shares of the company’s stock valued at $505,000 after purchasing an additional 475 shares in the last quarter. Finally, Carter Financial Group INC. raised its position in shares of JPMorgan Ultra-Short Income ETF by 3.5% in the 2nd quarter. Carter Financial Group INC. now owns 36,222 shares of the company’s stock valued at $1,832,000 after purchasing an additional 1,233 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.39 on Friday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.35 and a 52 week high of $50.79. The stock has a market cap of $40.29 billion, a P/E ratio of 109.54 and a beta of 0.01. The stock has a 50 day moving average of $50.48 and a 200-day moving average of $50.52.

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.