Souders Financial Advisors Increases Position in JPMorgan Ultra-Short Income ETF $JPST

Souders Financial Advisors boosted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 386,692 shares of the company’s stock after buying an additional 17,246 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 2.5% of Souders Financial Advisors’ portfolio, making the stock its 11th largest holding. Souders Financial Advisors’ holdings in JPMorgan Ultra-Short Income ETF were worth $19,598,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of JPST. Chelsea Counsel Co. purchased a new position in JPMorgan Ultra-Short Income ETF during the first quarter worth approximately $25,000. Pandora Wealth Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $34,000. Frazier Financial Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth about $41,000. Quaker Wealth Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 173.1% during the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after purchasing an additional 1,906 shares during the period. Finally, TD Private Client Wealth LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $48,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.59 on Thursday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.78. The company’s 50 day simple moving average is $50.68 and its 200 day simple moving average is $50.60. The company has a market capitalization of $34.17 billion, a P/E ratio of 109.98 and a beta of 0.01.

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.