Beacon Investment Advisory Services Inc. Acquires 23,133 Shares of JPMorgan Ultra-Short Income ETF $JPST

Beacon Investment Advisory Services Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 640,700 shares of the company’s stock after purchasing an additional 23,133 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 1.2% of Beacon Investment Advisory Services Inc.’s holdings, making the stock its 25th biggest position. Beacon Investment Advisory Services Inc. owned approximately 0.08% of JPMorgan Ultra-Short Income ETF worth $32,400,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of JPST. Cardiff Park Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Jackson Hole Capital Partners LLC bought a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $28,000. Sittner & Nelson LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $30,000. Motiv8 Investments LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $32,000. Finally, Beacon Financial Strategies CORP bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $34,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.44 on Friday. The firm has a market cap of $40.33 billion, a price-to-earnings ratio of 109.65 and a beta of 0.01. The business’s 50-day simple moving average is $50.47 and its 200-day simple moving average is $50.55. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.39 and a 52 week high of $50.79.

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.