Flaharty Asset Management LLC Purchases Shares of 319,875 JPMorgan Ultra-Short Income ETF $JPST

Flaharty Asset Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 3rd quarter, Holdings Channel reports. The fund purchased 319,875 shares of the company’s stock, valued at approximately $16,227,000. JPMorgan Ultra-Short Income ETF accounts for about 2.1% of Flaharty Asset Management LLC’s investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors have also recently made changes to their positions in the business. Lee Financial Co grew its position in JPMorgan Ultra-Short Income ETF by 54.4% during the third quarter. Lee Financial Co now owns 14,602 shares of the company’s stock valued at $741,000 after buying an additional 5,143 shares during the period. Wealthgarden F.S. LLC raised its position in JPMorgan Ultra-Short Income ETF by 10.0% in the third quarter. Wealthgarden F.S. LLC now owns 52,946 shares of the company’s stock worth $2,686,000 after acquiring an additional 4,807 shares during the period. Bryn Mawr Trust Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 2.5% in the third quarter. Bryn Mawr Trust Advisors LLC now owns 504,354 shares of the company’s stock worth $25,586,000 after acquiring an additional 12,148 shares during the period. Cornerstone Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 15.4% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 73,495 shares of the company’s stock worth $3,728,000 after acquiring an additional 9,817 shares during the last quarter. Finally, Cahill Financial Advisors Inc. grew its position in shares of JPMorgan Ultra-Short Income ETF by 41.1% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 18,283 shares of the company’s stock valued at $927,000 after acquiring an additional 5,321 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.78 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.79. The business has a fifty day moving average price of $50.68 and a 200-day moving average price of $50.66. The firm has a market capitalization of $36.43 billion, a price-to-earnings ratio of 110.39 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.