Investment Advisory Services Group LLC Purchases New Position in JPMorgan Ultra-Short Income ETF $JPST

Investment Advisory Services Group LLC acquired a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 186,542 shares of the company’s stock, valued at approximately $9,437,000. JPMorgan Ultra-Short Income ETF makes up about 8.4% of Investment Advisory Services Group LLC’s investment portfolio, making the stock its 3rd biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. AE Wealth Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 3.9% in the 3rd quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock valued at $17,072,000 after purchasing an additional 12,743 shares in the last quarter. Beacon Financial Advisory LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 13.0% during the third quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock valued at $5,694,000 after purchasing an additional 12,895 shares in the last quarter. Mezzasalma Advisors LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 70.9% during the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock valued at $4,082,000 after buying an additional 33,446 shares during the period. Allen Capital Group LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 16.1% in the 3rd quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock valued at $12,767,000 after acquiring an additional 34,921 shares during the period. Finally, Great Point Wealth Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $34,876,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.50 on Tuesday. The firm has a market capitalization of $37.53 billion, a PE ratio of 109.78 and a beta of 0.01. The business’s 50-day moving average is $50.54 and its two-hundred day moving average is $50.63. 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 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.