Parallel Advisors LLC Acquires 32,075 Shares of JPMorgan Ultra-Short Income ETF $JPST

Parallel Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 100.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 63,971 shares of the company’s stock after acquiring an additional 32,075 shares during the quarter. Parallel Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Webster Bank N. A. grew its position in JPMorgan Ultra-Short Income ETF by 27.0% in the 4th quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock worth $5,430,000 after purchasing an additional 22,815 shares during the period. Buck Wealth Strategies LLC raised its stake in JPMorgan Ultra-Short Income ETF by 7.3% during the 4th quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock valued at $14,367,000 after buying an additional 19,402 shares during the last quarter. Optima Capital LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $3,485,000. Greenberg Financial Group bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $1,544,000. Finally, Private Trust Co. NA boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 48.2% in the 4th quarter. Private Trust Co. NA now owns 38,955 shares of the company’s stock worth $1,971,000 after buying an additional 12,666 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.40 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The company has a market cap of $40.30 billion, a P/E ratio of 109.57 and a beta of 0.01. The stock’s fifty day moving average price is $50.48 and its 200-day moving average price is $50.55.

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.