Orion Capital Management LLC Raises Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Orion Capital Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 90.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,322 shares of the company’s stock after purchasing an additional 7,287 shares during the period. Orion Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $776,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. NewSquare Capital LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 158.2% during the 1st quarter. NewSquare Capital LLC now owns 24,220 shares of the company’s stock worth $1,226,000 after buying an additional 14,838 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,588,353 shares of the company’s stock worth $282,938,000 after purchasing an additional 506,315 shares during the last quarter. Stone Summit Wealth LLC lifted its position in JPMorgan Ultra-Short Income ETF by 32.9% in the 1st quarter. Stone Summit Wealth LLC now owns 43,236 shares of the company’s stock valued at $2,189,000 after purchasing an additional 10,713 shares during the last quarter. Focus Partners Wealth lifted its position in JPMorgan Ultra-Short Income ETF by 288.2% in the 4th quarter. Focus Partners Wealth now owns 539,112 shares of the company’s stock valued at $27,391,000 after purchasing an additional 400,239 shares during the last quarter. Finally, Tiemann Investment Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 9.3% in the 1st quarter. Tiemann Investment Advisors LLC now owns 135,537 shares of the company’s stock valued at $6,862,000 after purchasing an additional 11,570 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

Shares of NYSEARCA:JPST opened at $50.70 on Monday. The company has a market cap of $32.37 billion, a PE ratio of 110.22 and a beta of 0.03. The company’s 50-day moving average price is $50.59 and its 200 day moving average price is $50.54. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.75.

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.