Entelevest LLC Invests $5.16 Million in JPMorgan Ultra-Short Income ETF $JPST

Entelevest LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 4th quarter, Holdings Channel reports. The fund acquired 101,902 shares of the company’s stock, valued at approximately $5,155,000. JPMorgan Ultra-Short Income ETF makes up 5.2% of Entelevest LLC’s investment portfolio, making the stock its 3rd biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Millennium Management LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after acquiring an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $3,603,000. EverSource Wealth Advisors LLC raised its stake in JPMorgan Ultra-Short Income ETF by 99.6% in the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after buying an additional 496 shares during the period. First Trust Advisors LP bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $203,000. Finally, Brown Advisory Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after buying an additional 431 shares during the period. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

NYSEARCA:JPST opened at $50.45 on Thursday. The stock’s 50 day moving average price is $50.51 and its two-hundred day moving average price is $50.60. The firm has a market capitalization of $37.50 billion, a price-to-earnings ratio of 109.67 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.41 and a 12-month high of $50.79.

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.