Financial Solutions Advisory Group Inc. Buys Shares of 270,591 JPMorgan Ultra-Short Income ETF $JPST

Financial Solutions Advisory Group Inc. purchased a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 270,591 shares of the company’s stock, valued at approximately $13,695,000. JPMorgan Ultra-Short Income ETF accounts for about 1.9% of Financial Solutions Advisory Group Inc.’s portfolio, making the stock its 12th largest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nicholson Meyer Capital Management Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% in the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock worth $1,128,000 after purchasing an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 2.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock valued at $434,000 after purchasing an additional 221 shares in the last quarter. Whipplewood Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 1.2% during the first quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after purchasing an additional 227 shares in the last quarter. Keel Point LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 1.4% during the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after purchasing an additional 239 shares during the period. Finally, Atticus Wealth Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 3.2% during the fourth quarter. Atticus Wealth Management LLC now owns 7,897 shares of the company’s stock valued at $399,000 after purchasing an additional 243 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.54 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year high of $50.79. The company’s fifty day moving average price is $50.49 and its 200-day moving average price is $50.56. The company has a market capitalization of $40.41 billion, a price-to-earnings ratio of 109.87 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.