Sterling Investment Advisors Ltd. Grows Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Sterling Investment Advisors Ltd. grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 306.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,097 shares of the company’s stock after buying an additional 34,747 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of JPST. Cardiff Park Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $25,000. Jackson Hole Capital Partners LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $28,000. Sittner & Nelson LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $30,000. Motiv8 Investments LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.47 on Wednesday. The firm has a market cap of $39.89 billion, a price-to-earnings ratio of 109.72 and a beta of 0.01. The firm has a 50 day simple moving average of $50.49 and a 200-day simple moving average of $50.57. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year high of $50.79.

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.