Fortis Capital Advisors LLC Takes Position in JPMorgan Ultra-Short Income ETF $JPST

Fortis Capital Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 4,603 shares of the company’s stock, valued at approximately $233,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in JPMorgan Ultra-Short Income ETF by 2.7% during the 1st quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock valued at $5,068,793,000 after acquiring an additional 2,598,084 shares in the last quarter. Temasek Holdings Private Ltd purchased a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at about $842,655,000. LPL Financial LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 19.4% during the 1st quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after acquiring an additional 2,464,430 shares in the last quarter. HB Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 4.0% during the 2nd quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock valued at $450,480,000 after acquiring an additional 342,791 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 22.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after acquiring an additional 1,265,522 shares in the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

NYSEARCA:JPST opened at $50.61 on Friday. The firm has a 50-day moving average price of $50.65 and a two-hundred day moving average price of $50.57. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.76. The company has a market capitalization of $34.00 billion, a P/E ratio of 110.02 and a beta of 0.03.

JPMorgan Ultra-Short Income ETF 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.