Firestone Capital Management Purchases 56,789 Shares of JPMorgan Ultra-Short Income ETF $JPST

Firestone Capital Management raised its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 45.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 182,866 shares of the company’s stock after buying an additional 56,789 shares during the period. JPMorgan Ultra-Short Income ETF comprises 1.7% of Firestone Capital Management’s portfolio, making the stock its 18th biggest position. Firestone Capital Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,248,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Nicholson Meyer Capital Management Inc. grew its position in JPMorgan Ultra-Short Income ETF by 0.9% during the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock worth $1,128,000 after acquiring an additional 202 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 2.6% in the 4th 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 during the last quarter. Whipplewood Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 1.2% in the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after purchasing an additional 227 shares during the last quarter. Vista Cima Wealth Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 0.7% in the second quarter. Vista Cima Wealth Management LLC now owns 34,917 shares of the company’s stock worth $1,766,000 after purchasing an additional 239 shares in the last quarter. Finally, Keel Point LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 1.4% in the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after purchasing an additional 239 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.36 on Wednesday. The stock’s fifty day moving average is $50.49 and its 200-day moving average is $50.53. The stock has a market capitalization of $40.27 billion, a PE ratio of 109.48 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.35 and a 52 week high of $50.79.

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.