JPMorgan Ultra-Short Income ETF $JPST Stock Position Boosted by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 124,203 shares of the company’s stock after buying an additional 11,954 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 1.5% of Beacon Financial Advisory LLC’s portfolio, making the stock its 9th largest holding. Beacon Financial Advisory LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Hurley Capital LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 32.3% in the fourth quarter. Hurley Capital LLC now owns 3,140 shares of the company’s stock valued at $159,000 after acquiring an additional 767 shares in the last quarter. Bluedoor Private Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $9,720,000. Faithward Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 107.2% in the fourth quarter. Faithward Advisors LLC now owns 17,909 shares of the company’s stock valued at $906,000 after acquiring an additional 9,267 shares in the last quarter. Stark Wealth Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $911,000. Finally, Tobias Financial Advisors Inc. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 6.6% in the fourth quarter. Tobias Financial Advisors Inc. now owns 11,088 shares of the company’s stock valued at $561,000 after acquiring an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.52 on Tuesday. The company has a market cap of $37.55 billion, a PE ratio of 109.83 and a beta of 0.01. The stock’s 50 day simple moving average is $50.51 and its 200-day simple moving average is $50.60. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 and a 1-year high of $50.79.

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.