Pinion Investment Advisors LLC Buys 14,877 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Pinion Investment Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 92.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,928 shares of the company’s stock after purchasing an additional 14,877 shares during the period. Pinion Investment Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,566,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPST. JPMorgan Chase & Co. raised its position in JPMorgan Ultra-Short Income ETF by 32.6% in the fourth quarter. JPMorgan Chase & Co. now owns 97,516,324 shares of the company’s stock worth $4,911,897,000 after acquiring an additional 23,971,471 shares during the period. Bank of America Corp DE raised its position in JPMorgan Ultra-Short Income ETF by 5.5% in the fourth quarter. Bank of America Corp DE now owns 14,427,628 shares of the company’s stock worth $726,720,000 after acquiring an additional 746,626 shares during the period. LPL Financial LLC raised its position in JPMorgan Ultra-Short Income ETF by 13.6% in the fourth quarter. LPL Financial LLC now owns 12,694,776 shares of the company’s stock worth $639,436,000 after acquiring an additional 1,522,758 shares during the period. Wells Fargo & Company MN raised its position in JPMorgan Ultra-Short Income ETF by 3.3% in the fourth quarter. Wells Fargo & Company MN now owns 7,130,097 shares of the company’s stock worth $359,143,000 after acquiring an additional 224,833 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in JPMorgan Ultra-Short Income ETF by 10.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,588,353 shares of the company’s stock worth $282,938,000 after acquiring an additional 506,315 shares during the period.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

JPST opened at $50.52 on Friday. The firm’s 50 day simple moving average is $50.50 and its two-hundred day simple moving average is $50.50. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.25 and a 1-year high of $50.75.

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.