Phoenix Wealth Advisors Acquires 555,561 Shares of JPMorgan Ultra-Short Income ETF $JPST

Phoenix Wealth Advisors lifted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 55.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,550,530 shares of the company’s stock after purchasing an additional 555,561 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 23.2% of Phoenix Wealth Advisors’ portfolio, making the stock its biggest holding. Phoenix Wealth Advisors’ holdings in JPMorgan Ultra-Short Income ETF were worth $78,100,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the company. HB Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 5.4% in the second quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock worth $506,509,000 after purchasing an additional 514,497 shares during the period. Royal Bank of Canada lifted its stake in JPMorgan Ultra-Short Income ETF by 11.1% in the first quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock worth $271,917,000 after acquiring an additional 534,875 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 7.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock valued at $184,468,000 after purchasing an additional 245,314 shares in the last quarter. Cetera Investment Advisers boosted its position in JPMorgan Ultra-Short Income ETF by 10.2% during the 1st quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock valued at $170,925,000 after acquiring an additional 312,033 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp grew its stake in JPMorgan Ultra-Short Income ETF by 215.9% in the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after purchasing an additional 1,921,600 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of NYSEARCA JPST traded up $0.02 during trading hours on Friday, hitting $50.30. 9,167,335 shares of the stock were exchanged, compared to its average volume of 6,954,212. The firm has a fifty day moving average price of $50.34 and a 200-day moving average price of $50.49. The company has a market cap of $42.55 billion, a PE ratio of 109.35 and a beta of 0.02. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.79.

JPMorgan Ultra-Short Income ETF Profile

(Free Report)

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.

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