JPMorgan Ultra-Short Income ETF $JPST Shares Acquired by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 15.9% in the third quarter, HoldingsChannel.com reports. The firm owned 392,050 shares of the company’s stock after acquiring an additional 53,920 shares during the quarter. Valley Wealth Managers Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $19,889,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sandy Cove Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 3,571.4% in the 3rd quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock worth $7,646,000 after acquiring an additional 146,606 shares during the last quarter. Beacon Financial Advisory LLC raised its position in JPMorgan Ultra-Short Income ETF by 13.0% in the third quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock valued at $5,694,000 after purchasing an additional 12,895 shares during the period. Hershey Financial Advisers LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $3,946,000. Allen Capital Group LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 16.1% during the third quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock worth $12,767,000 after purchasing an additional 34,921 shares in the last quarter. Finally, Crane Advisory LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 4.0% during the third quarter. Crane Advisory LLC now owns 1,477,574 shares of the company’s stock worth $74,780,000 after buying an additional 56,362 shares during the period. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.75 on Friday. The stock has a market capitalization of $36.41 billion, a PE ratio of 110.33 and a beta of 0.01. 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 fifty day simple moving average of $50.67 and a 200-day simple moving average of $50.66.

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.