Frederick Financial Consultants LLC Purchases 12,045 Shares of JPMorgan Ultra-Short Income ETF $JPST

Frederick Financial Consultants LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 12,045 shares of the company’s stock, valued at approximately $607,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 5.4% during the 2nd quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock valued at $506,509,000 after buying an additional 514,497 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.1% in the 1st quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock valued at $271,917,000 after buying an additional 534,875 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock valued at $184,468,000 after buying an additional 245,314 shares during the period. Cetera Investment Advisers boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 10.2% in the first quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock worth $170,925,000 after buying an additional 312,033 shares during the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 215.9% in the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after buying an additional 1,921,600 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Down 0.3%

JPMorgan Ultra-Short Income ETF stock opened at $50.26 on Tuesday. The firm has a market cap of $42.41 billion, a price-to-earnings ratio of 109.26 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 week high of $50.79. The business’s 50-day moving average price is $50.37 and its 200 day moving average price is $50.50.

JPMorgan Ultra-Short Income ETF Company 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.