Pinion Investment Advisors LLC Has $541,000 Position in JPMorgan Ultra-Short Income ETF $JPST

Pinion Investment Advisors LLC reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 65.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,676 shares of the company’s stock after selling 20,252 shares during the quarter. Pinion Investment Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Coordinated Financial Services Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $882,000. Stonebridge Financial Group LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 22.1% during the second quarter. Stonebridge Financial Group LLC now owns 4,670 shares of the company’s stock worth $237,000 after buying an additional 845 shares during the last quarter. IFP Advisors Inc grew its stake in shares of JPMorgan Ultra-Short Income ETF by 3.0% during the second quarter. IFP Advisors Inc now owns 407,436 shares of the company’s stock worth $20,649,000 after buying an additional 11,946 shares during the last quarter. Edge Financial Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 24.9% during the second quarter. Edge Financial Advisors LLC now owns 31,141 shares of the company’s stock worth $1,572,000 after purchasing an additional 6,203 shares during the period. Finally, Leo Wealth LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $1,959,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.61 on Friday. The firm has a market cap of $34.13 billion, a PE ratio of 110.02 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.76. The firm’s fifty day moving average is $50.65 and its 200-day moving average is $50.57.

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.