Strategic Wealth Advisors LLC Has $5.60 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Strategic Wealth Advisors LLC increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 23.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,645 shares of the company’s stock after acquiring an additional 20,753 shares during the period. JPMorgan Ultra-Short Income ETF makes up 4.5% of Strategic Wealth Advisors LLC’s portfolio, making the stock its 8th biggest position. Strategic Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,599,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. 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 worth $12,575,000 after buying an additional 46,400 shares during the period. Goldman Sachs Group Inc. bought a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $3,603,000. EverSource Wealth Advisors LLC increased 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 acquiring an additional 496 shares during the period. First Trust Advisors LP acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $203,000. Finally, Brown Advisory Inc. raised 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 currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST remained flat at $50.45 on Friday. The stock had a trading volume of 7,859,971 shares, compared to its average volume of 6,763,187. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79. The firm has a market capitalization of $39.78 billion, a P/E ratio of 109.67 and a beta of 0.01. The company’s 50 day moving average price is $50.50 and its 200-day moving average price is $50.58.

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.