Verdence Capital Advisors LLC Acquires 476,535 Shares of JPMorgan Ultra-Short Income ETF $JPST

Verdence Capital Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 476,535 shares of the company’s stock, valued at approximately $24,003,000. JPMorgan Ultra-Short Income ETF comprises about 1.0% of Verdence Capital Advisors LLC’s portfolio, making the stock its 18th biggest holding.

A number of other hedge funds have also recently bought and sold shares of the company. HB Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 5.4% in the 2nd quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock worth $506,509,000 after acquiring an additional 514,497 shares in the last quarter. Royal Bank of Canada lifted its position in shares of JPMorgan Ultra-Short Income ETF by 11.1% during the first quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock valued at $271,917,000 after purchasing an additional 534,875 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position 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 holdings in JPMorgan Ultra-Short Income ETF by 10.2% during the first quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock worth $170,925,000 after purchasing an additional 312,033 shares during the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp boosted its holdings in JPMorgan Ultra-Short Income ETF by 215.9% during the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after purchasing an additional 1,921,600 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.36 on Tuesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.79. The firm’s 50-day simple moving average is $50.38 and its 200 day simple moving average is $50.51. The stock has a market cap of $42.86 billion, a PE ratio of 109.48 and a beta of 0.01.

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.