85,436 JPMorgan Ultra-Short Income ETF $JPST Shares Purchased by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 51.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,099 shares of the company’s stock after purchasing an additional 85,436 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,749,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JPST. Valeo Financial Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at $300,000. Leverty Financial Group LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 0.8% during the third quarter. Leverty Financial Group LLC now owns 508,568 shares of the company’s stock worth $25,617,000 after purchasing an additional 4,146 shares during the last quarter. Wealth Enhancement Trust Services Inc. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 22.0% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 107,960 shares of the company’s stock worth $5,438,000 after purchasing an additional 19,458 shares in the last quarter. Kwmg LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.6% in the 3rd quarter. Kwmg LLC now owns 360,964 shares of the company’s stock worth $18,182,000 after purchasing an additional 28,712 shares in the last quarter. Finally, PFW Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $210,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST traded up $0.01 during mid-day trading on Thursday, reaching $50.28. The stock had a trading volume of 3,270,271 shares, compared to its average volume of 6,785,774. The stock has a market capitalization of $42.39 billion, a P/E ratio of 109.29 and a beta of 0.01. The firm has a 50 day moving average price of $50.41 and a two-hundred day moving average price of $50.47. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.79.

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.