JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 19.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 214,738 shares of the company’s stock after acquiring an additional 34,936 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 1.2% of Symphony Financial Ltd. Co.’s portfolio, making the stock its 22nd largest position. Symphony Financial Ltd. Co.’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,861,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Millennium Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after purchasing an additional 46,400 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth $3,603,000. EverSource Wealth Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 99.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after buying an additional 496 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $203,000. Finally, Brown Advisory Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after acquiring an additional 431 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 Trading Down 0.4%

JPST stock opened at $50.36 on Wednesday. The stock has a 50-day moving average price of $50.49 and a two-hundred day moving average price of $50.53. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.35 and a 12-month high of $50.79. The company has a market cap of $40.27 billion, a PE ratio of 109.48 and a beta of 0.01.

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.