Cobblestone Capital Advisors LLC NY Boosts Stake in JPMorgan Ultra-Short Income ETF $JPST

Cobblestone Capital Advisors LLC NY raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.2% during the second quarter, Holdings Channel.com reports. The firm owned 216,467 shares of the company’s stock after purchasing an additional 12,613 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,971,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chelsea Counsel Co. purchased a new stake in JPMorgan Ultra-Short Income ETF in the first quarter valued at $25,000. Pandora Wealth Inc. acquired a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $34,000. Cooksen Wealth LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $36,000. Frazier Financial Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $41,000. Finally, TD Private Client Wealth LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $48,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

JPST opened at $50.74 on Monday. The stock’s 50-day moving average price is $50.68 and its 200 day moving average price is $50.59. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.76. The firm has a market cap of $34.27 billion, a price-to-earnings ratio of 110.30 and a beta of 0.03.

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.