Investment Advisory Services Group LLC Makes New Investment in JPMorgan Ultra-Short Income ETF $JPST

Investment Advisory Services Group LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 186,542 shares of the company’s stock, valued at approximately $9,437,000. JPMorgan Ultra-Short Income ETF accounts for approximately 8.4% of Investment Advisory Services Group LLC’s holdings, making the stock its 3rd largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JPST. Archer Investment Corp grew its stake in JPMorgan Ultra-Short Income ETF by 11.2% during the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock worth $101,000 after buying an additional 200 shares during the last quarter. Lakeridge Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 4.5% in the fourth quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock valued at $241,000 after buying an additional 206 shares during the last quarter. Lantern Wealth Advisors LLC raised its stake in JPMorgan Ultra-Short Income ETF by 5.0% in the third quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock valued at $240,000 after buying an additional 226 shares during the last quarter. Condor Capital Management raised its stake in JPMorgan Ultra-Short Income ETF by 1.6% in the third quarter. Condor Capital Management now owns 14,607 shares of the company’s stock valued at $741,000 after buying an additional 231 shares during the last quarter. Finally, Keel Point LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 1.4% in the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after acquiring an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.50 on Tuesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.42 and a fifty-two week high of $50.79. The firm has a market capitalization of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01. The stock’s 50-day simple moving average is $50.54 and its 200-day simple moving average is $50.63.

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.