Hudson Valley Investment Advisors Inc. ADV Buys New Holdings in JPMorgan Ultra-Short Income ETF $JPST

Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,864 shares of the company’s stock, valued at approximately $500,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in JPMorgan Ultra-Short Income ETF by 2.7% during the 1st quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock valued at $5,068,793,000 after purchasing an additional 2,598,084 shares during the period. Temasek Holdings Private Ltd bought a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at approximately $842,655,000. LPL Financial LLC raised its stake in JPMorgan Ultra-Short Income ETF by 19.4% during the 1st quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after purchasing an additional 2,464,430 shares during the period. HB Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 4.0% during the 2nd quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock valued at $450,480,000 after purchasing an additional 342,791 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in JPMorgan Ultra-Short Income ETF by 22.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after purchasing an additional 1,265,522 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

Shares of JPST opened at $50.61 on Friday. The business’s 50 day moving average is $50.65 and its 200 day moving average is $50.57. The company has a market capitalization of $34.00 billion, a PE ratio of 110.02 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.76.

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.