JPMorgan Ultra-Short Income ETF $JPST Shares Purchased by Merit Financial Group LLC

Merit Financial Group LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 73.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 217,749 shares of the company’s stock after buying an additional 91,896 shares during the quarter. Merit Financial Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $11,036,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Centurion Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 2.0% in the 2nd quarter. Centurion Wealth Management LLC now owns 10,160 shares of the company’s stock valued at $515,000 after purchasing an additional 200 shares during the last quarter. CWC Advisors LLC. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.1% during the second quarter. CWC Advisors LLC. now owns 5,468 shares of the company’s stock worth $277,000 after buying an additional 263 shares in the last quarter. Lighthouse Wealth Management Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.4% during the first quarter. Lighthouse Wealth Management Inc. now owns 11,833 shares of the company’s stock worth $599,000 after buying an additional 273 shares in the last quarter. GEM Asset Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.0% during the second quarter. GEM Asset Management LLC now owns 8,049 shares of the company’s stock worth $406,000 after buying an additional 311 shares in the last quarter. Finally, Investment Planning Advisors Inc. boosted its position in JPMorgan Ultra-Short Income ETF by 4.0% during the first quarter. Investment Planning Advisors Inc. now owns 8,356 shares of the company’s stock worth $423,000 after acquiring an additional 321 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.61 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.76. The firm’s 50 day moving average price is $50.65 and its 200 day moving average price is $50.57. The firm has a market cap of $34.00 billion, a P/E ratio of 110.02 and a beta of 0.03.

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.