Flaharty Asset Management LLC Acquires New Shares in JPMorgan Ultra-Short Income ETF $JPST

Flaharty Asset Management LLC bought a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 319,875 shares of the company’s stock, valued at approximately $16,227,000. JPMorgan Ultra-Short Income ETF makes up approximately 2.1% of Flaharty Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rossmore Private Capital purchased a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $25,000. Brentview Investment Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth approximately $35,000. Silicon Valley Capital Partners purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $37,000. American National Bank & Trust bought a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $38,000. Finally, Frazier Financial Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth approximately $41,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

NYSEARCA:JPST opened at $50.78 on Friday. The company has a market cap of $36.43 billion, a PE ratio of 110.39 and a beta of 0.01. The company has a 50 day simple moving average of $50.68 and a two-hundred day simple moving average of $50.66. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month 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.