Verdence Capital Advisors LLC Makes New $24 Million Investment in JPMorgan Ultra-Short Income ETF $JPST

Verdence Capital Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 476,535 shares of the company’s stock, valued at approximately $24,003,000. JPMorgan Ultra-Short Income ETF comprises approximately 1.0% of Verdence Capital Advisors LLC’s holdings, making the stock its 18th largest position. Verdence Capital Advisors LLC owned approximately 0.06% of JPMorgan Ultra-Short Income ETF as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. HB Wealth Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.4% during the second quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock valued at $506,509,000 after buying an additional 514,497 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.1% in the 1st quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock worth $271,917,000 after acquiring an additional 534,875 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock worth $184,468,000 after acquiring an additional 245,314 shares during the last quarter. Cetera Investment Advisers lifted its position in JPMorgan Ultra-Short Income ETF by 10.2% in the 1st quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock valued at $170,925,000 after acquiring an additional 312,033 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp lifted its position in JPMorgan Ultra-Short Income ETF by 215.9% in the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after acquiring an additional 1,921,600 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.36 on Tuesday. The stock has a market cap of $42.86 billion, a price-to-earnings ratio of 109.48 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.79. The firm’s 50-day simple moving average is $50.38 and its 200 day simple moving average is $50.51.

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.