JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 21.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,159 shares of the company’s stock after purchasing an additional 21,238 shares during the quarter. Pinnacle Associates Ltd.’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,103,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of JPST. Nicholson Meyer Capital Management Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 0.9% during the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after buying an additional 202 shares during the period. Whipplewood Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 1.2% in the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock worth $936,000 after acquiring an additional 227 shares during the period. Blueline Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 9.2% in the 3rd quarter. Blueline Advisors LLC now owns 2,746 shares of the company’s stock worth $138,000 after acquiring an additional 232 shares during the period. Vista Cima Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 0.7% in the second quarter. Vista Cima Wealth Management LLC now owns 34,917 shares of the company’s stock valued at $1,766,000 after acquiring an additional 239 shares in the last quarter. Finally, Secured Retirement Advisors LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.1% in the first quarter. Secured Retirement Advisors LLC now owns 5,003 shares of the company’s stock valued at $253,000 after acquiring an additional 243 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.38 on Friday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.79. The firm has a market capitalization of $42.88 billion, a PE ratio of 109.52 and a beta of 0.01. The company’s 50 day simple moving average is $50.38 and its 200 day simple moving average is $50.46.

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.