Beacon Financial Advisory LLC Grows Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Beacon Financial Advisory LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.0% during the fourth quarter, Holdings Channel reports. The firm owned 35,710 shares of the company’s stock after buying an additional 2,657 shares during the quarter. Beacon Financial Advisory LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,799,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in JPST. JPMorgan Chase & Co. raised its position in JPMorgan Ultra-Short Income ETF by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 73,544,853 shares of the company’s stock worth $3,731,666,000 after acquiring an additional 15,245,816 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 22.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,755,150 shares of the company’s stock worth $292,016,000 after acquiring an additional 1,053,392 shares during the last quarter. Temasek Holdings Private Ltd purchased a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $50,075,000. West Oak Capital LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 2,619.5% during the 4th quarter. West Oak Capital LLC now owns 918,881 shares of the company’s stock worth $46,284,000 after purchasing an additional 885,093 shares during the last quarter. Finally, HB Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 11.2% during the 4th quarter. HB Wealth Management LLC now owns 8,316,836 shares of the company’s stock worth $416,590,000 after purchasing an additional 838,189 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.44 on Thursday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 year high of $50.75. The company’s 50 day simple moving average is $50.48 and its 200 day simple moving average is $50.52.

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.