JPMorgan Ultra-Short Income ETF $JPST Position Raised by Paces Ferry Wealth Advisors LLC

Paces Ferry Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.5% during the first quarter, Holdings Channel.com reports. The firm owned 260,513 shares of the company’s stock after acquiring an additional 18,117 shares during the period. JPMorgan Ultra-Short Income ETF comprises 5.5% of Paces Ferry Wealth Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Paces Ferry Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,185,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at $25,000. Jackson Hole Capital Partners LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $28,000. Sittner & Nelson LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $30,000. Motiv8 Investments LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $38,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPST stock opened at $50.50 on Friday. The company’s 50-day simple moving average is $50.49 and its 200-day simple moving average is $50.57. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.39 and a 52-week high of $50.79. The firm has a market cap of $40.02 billion, a P/E ratio of 109.78 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.