JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC raised its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 338.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 60,430 shares of the company’s stock after acquiring an additional 46,654 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,056,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of JPST. Cardiff Park Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $28,000. Sittner & Nelson LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $30,000. Motiv8 Investments LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $32,000. Finally, Beacon Financial Strategies CORP acquired a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $34,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.38 on Wednesday. The company has a market cap of $40.28 billion, a P/E ratio of 109.52 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.35 and a one year high of $50.79. The firm has a fifty day moving average of $50.47 and a two-hundred day moving average of $50.52.

About JPMorgan Ultra-Short Income ETF

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.