Cravens & Co Advisors LLC Purchases New Shares in JPMorgan Ultra-Short Income ETF $JPST

Cravens & Co Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 104,395 shares of the company’s stock, valued at approximately $5,289,000. JPMorgan Ultra-Short Income ETF comprises about 3.5% of Cravens & Co Advisors LLC’s holdings, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lakeridge Wealth Management LLC raised its position in JPMorgan Ultra-Short Income ETF by 4.5% in the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock valued at $241,000 after buying an additional 206 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 2.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock valued at $434,000 after buying an additional 221 shares during the last quarter. Lantern Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 5.0% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock valued at $240,000 after buying an additional 226 shares during the last quarter. Condor Capital Management raised its position in JPMorgan Ultra-Short Income ETF by 1.6% in the 3rd quarter. Condor Capital Management now owns 14,607 shares of the company’s stock valued at $741,000 after buying an additional 231 shares during the last quarter. Finally, Keel Point LLC grew its stake in JPMorgan Ultra-Short Income ETF by 1.4% in the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after purchasing an additional 239 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.44 on Wednesday. The company has a market capitalization of $37.49 billion, a PE ratio of 109.65 and a beta of 0.01. The business has a fifty day moving average price of $50.53 and a two-hundred day moving average price of $50.61. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.42 and a 1 year high of $50.79.

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.