Beacon Investment Advisory Services Inc. Boosts Stock Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Beacon Investment Advisory Services Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 493,907 shares of the company’s stock after purchasing an additional 15,313 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $25,061,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of JPST. EverSource Wealth Advisors LLC increased its stake in JPMorgan Ultra-Short Income ETF by 282.3% during the first quarter. EverSource Wealth Advisors LLC now owns 734 shares of the company’s stock worth $37,000 after purchasing an additional 542 shares during the period. Transcend Capital Advisors LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 69.6% in the second quarter. Transcend Capital Advisors LLC now owns 9,310 shares of the company’s stock valued at $470,000 after purchasing an additional 3,821 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at about $25,000. Lynx Investment Advisory purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at about $69,000. Finally, Kingswood Wealth Advisors LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 7.0% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 47,518 shares of the company’s stock worth $2,398,000 after buying an additional 3,121 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.59 on Monday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.13 and a 1 year high of $50.75. The firm’s 50-day moving average is $50.54 and its 200-day moving average is $50.50.

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.