Waverly Advisors LLC Has $119.39 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

Waverly Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 34.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,360,792 shares of the company’s stock after purchasing an additional 603,601 shares during the period. Waverly Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $119,385,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC lifted its position 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 during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth approximately $3,603,000. EverSource Wealth Advisors LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 99.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after purchasing an additional 496 shares during the last quarter. First Trust Advisors LP bought a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $203,000. Finally, Brown Advisory Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 7.6% in the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after buying an additional 431 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock traded down $0.01 during midday trading on Tuesday, hitting $50.38. The company’s stock had a trading volume of 6,235,738 shares, compared to its average volume of 6,588,016. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.35 and a 1-year high of $50.79. The company has a 50-day moving average price of $50.47 and a two-hundred day moving average price of $50.52. The company has a market cap of $40.28 billion, a price-to-earnings ratio of 109.52 and a beta of 0.01.

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.