SOL Capital Management CO Purchases 36,438 Shares of JPMorgan Ultra-Short Income ETF $JPST

SOL Capital Management CO increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 17.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,711 shares of the company’s stock after acquiring an additional 36,438 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 1.1% of SOL Capital Management CO’s investment portfolio, making the stock its 24th largest position. SOL Capital Management CO’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPST. Brentview Investment Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $35,000. Silicon Valley Capital Partners acquired a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $37,000. American National Bank & Trust bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $38,000. Frazier Financial Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $41,000. Finally, Quaker Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 173.1% during the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after acquiring an additional 1,906 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

NYSEARCA:JPST opened at $50.67 on Friday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.78. The stock’s fifty day simple moving average is $50.66 and its 200-day simple moving average is $50.65. The firm has a market capitalization of $35.95 billion, a P/E ratio of 110.15 and a beta of 0.01.

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.