Prosperity Consulting Group LLC Has $14.53 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Prosperity Consulting Group LLC grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 286,655 shares of the company’s stock after purchasing an additional 14,627 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 1.1% of Prosperity Consulting Group LLC’s portfolio, making the stock its 16th biggest holding. Prosperity Consulting Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $14,528,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategent Financial LLC raised its position in JPMorgan Ultra-Short Income ETF by 1.4% in the second quarter. Strategent Financial LLC now owns 349,122 shares of the company’s stock valued at $17,694,000 after purchasing an additional 4,657 shares during the last quarter. Tiemann Investment Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 9.3% in the first quarter. Tiemann Investment Advisors LLC now owns 135,537 shares of the company’s stock valued at $6,862,000 after purchasing an additional 11,570 shares during the last quarter. San Luis Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 36.1% in the second quarter. San Luis Wealth Advisors LLC now owns 674,498 shares of the company’s stock valued at $34,184,000 after purchasing an additional 179,002 shares during the last quarter. Clear Point Advisors Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 3.1% during the 2nd quarter. Clear Point Advisors Inc. now owns 64,613 shares of the company’s stock worth $3,275,000 after acquiring an additional 1,920 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 624.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,319 shares of the company’s stock worth $421,000 after acquiring an additional 7,170 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.57 on Tuesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.78. The firm has a market capitalization of $34.15 billion, a price-to-earnings ratio of 109.93 and a beta of 0.01. The company’s 50 day moving average price is $50.68 and its two-hundred day moving average price is $50.60.

JPMorgan Ultra-Short Income ETF 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.