Fragasso Financial Advisors Inc Has $1.15 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

Fragasso Financial Advisors Inc lifted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,698 shares of the company’s stock after acquiring an additional 1,536 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,150,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of JPST. Chelsea Counsel Co. acquired a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $25,000. Pandora Wealth Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $34,000. Cooksen Wealth LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $36,000. Opal Wealth Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $68,000. Finally, Sunbelt Securities Inc. raised its position in shares of JPMorgan Ultra-Short Income ETF by 58.9% in the 1st quarter. Sunbelt Securities Inc. now owns 1,433 shares of the company’s stock worth $73,000 after acquiring an additional 531 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

JPST stock opened at $50.69 on Tuesday. The stock has a 50-day moving average price of $50.62 and a 200-day moving average price of $50.55. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.75. The firm has a market cap of $32.37 billion, a PE ratio of 110.20 and a beta of 0.03.

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.