LexAurum Advisors LLC Purchases 263,166 Shares of JPMorgan Ultra-Short Income ETF $JPST

LexAurum Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 85.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 569,580 shares of the company’s stock after acquiring an additional 263,166 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 4.6% of LexAurum Advisors LLC’s holdings, making the stock its 2nd largest holding. LexAurum Advisors LLC owned about 0.09% of JPMorgan Ultra-Short Income ETF worth $28,866,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewSquare Capital LLC grew its stake 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 grew its stake in JPMorgan Ultra-Short Income ETF by 10.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,588,353 shares of the company’s stock worth $282,938,000 after buying an additional 506,315 shares during the last quarter. Stone Summit Wealth LLC grew its stake in JPMorgan Ultra-Short Income ETF by 32.9% during the 1st quarter. Stone Summit Wealth LLC now owns 43,236 shares of the company’s stock worth $2,189,000 after buying an additional 10,713 shares during the last quarter. Tiemann Investment Advisors LLC grew its stake in JPMorgan Ultra-Short Income ETF by 9.3% during the 1st quarter. Tiemann Investment Advisors LLC now owns 135,537 shares of the company’s stock worth $6,862,000 after buying an additional 11,570 shares during the last quarter. Finally, San Luis Wealth Advisors LLC grew its stake in JPMorgan Ultra-Short Income ETF by 36.1% during the 2nd quarter. San Luis Wealth Advisors LLC now owns 674,498 shares of the company’s stock worth $34,184,000 after buying an additional 179,002 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.74 on Tuesday. The company has a market cap of $32.40 billion, a P/E ratio of 110.30 and a beta of 0.03. The stock has a fifty day moving average price of $50.65 and a 200 day moving average price of $50.57. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.75.

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.