PFG Investments LLC Has $46.58 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

PFG Investments LLC lessened its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.1% during the first quarter, HoldingsChannel reports. The fund owned 920,333 shares of the company’s stock after selling 20,072 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 2.2% of PFG Investments LLC’s investment portfolio, making the stock its 5th biggest holding. PFG Investments LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $46,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of JPST. Millennium Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after buying an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $3,603,000. EverSource Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 99.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after buying an additional 496 shares during the last quarter. First Trust Advisors LP bought a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at $203,000. Finally, Brown Advisory Inc. lifted its stake in JPMorgan Ultra-Short Income ETF by 7.6% during the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after acquiring an additional 431 shares in the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.42 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The company has a market capitalization of $39.17 billion, a price-to-earnings ratio of 109.61 and a beta of 0.01. The firm’s fifty day moving average price is $50.51 and its two-hundred day moving average price is $50.59.

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.