PCG Asset Management LLC Boosts Stock Position in JPMorgan Ultra-Short Income ETF $JPST

PCG Asset Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,575 shares of the company’s stock after purchasing an additional 2,875 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 1.2% of PCG Asset Management LLC’s investment portfolio, making the stock its 22nd largest holding. PCG Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,347,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in JPST. Centurion Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 2.0% during the second quarter. Centurion Wealth Management LLC now owns 10,160 shares of the company’s stock worth $515,000 after buying an additional 200 shares during the last quarter. Kathleen S. Wright Associates Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 2.3% during the 2nd quarter. Kathleen S. Wright Associates Inc. now owns 9,811 shares of the company’s stock worth $497,000 after purchasing an additional 220 shares during the last quarter. CWC Advisors LLC. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.1% in the 2nd quarter. CWC Advisors LLC. now owns 5,468 shares of the company’s stock worth $277,000 after purchasing an additional 263 shares during the period. First Horizon Advisors Inc. lifted its stake in JPMorgan Ultra-Short Income ETF by 7.2% in the second quarter. First Horizon Advisors Inc. now owns 3,965 shares of the company’s stock valued at $201,000 after purchasing an additional 265 shares during the last quarter. Finally, Muirfield Wealth Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 7.1% during the second quarter. Muirfield Wealth Advisors LLC now owns 4,326 shares of the company’s stock valued at $219,000 after purchasing an additional 286 shares during the period. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.62 on Tuesday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78. The stock’s fifty day moving average price is $50.67 and its two-hundred day moving average price is $50.60. The firm has a market cap of $34.19 billion, a PE ratio of 110.04 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.