JPMorgan Ultra-Short Income ETF $JPST Stake Increased by Flavin Financial Services Inc.

Flavin Financial Services Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 17.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 216,508 shares of the company’s stock after acquiring an additional 31,635 shares during the period. JPMorgan Ultra-Short Income ETF makes up 5.7% of Flavin Financial Services Inc.’s investment portfolio, making the stock its biggest position. Flavin Financial Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,905,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Massachusetts Wealth Management increased its stake in JPMorgan Ultra-Short Income ETF by 15.7% in the third quarter. Massachusetts Wealth Management now owns 321,015 shares of the company’s stock valued at $16,170,000 after acquiring an additional 43,470 shares during the last quarter. Hartford Financial Management Inc. lifted its stake in JPMorgan Ultra-Short Income ETF by 22.9% during the third quarter. Hartford Financial Management Inc. now owns 134,583 shares of the company’s stock worth $6,779,000 after purchasing an additional 25,097 shares during the last quarter. USAdvisors Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 3.4% during the third quarter. USAdvisors Wealth Management LLC now owns 69,169 shares of the company’s stock worth $3,484,000 after purchasing an additional 2,244 shares during the last quarter. Wavvest Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $5,238,000. Finally, Kraft Davis & Associates LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $2,448,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.35 on Thursday. The firm has a market capitalization of $42.53 billion, a PE ratio of 109.46 and a beta of 0.01. The business’s 50-day moving average price is $50.39 and its 200-day moving average price is $50.46. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.79.

JPMorgan Ultra-Short Income ETF Company 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.