Bay Colony Advisory Group Inc, operating as Bay Colony Advisors, has acquired a new stake in the JPMorgan Ultra-Short Income ETF (NYSEARCA: JPST) during the third quarter, according to its recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,926 shares, valued at approximately $1,062,000, indicating a strategic move towards investment-grade fixed income assets.
This investment reflects a broader trend among institutional investors who have also been active in the JPMorgan Ultra-Short Income ETF. For instance, Bank of America Corp increased its stake by 15.3% in the second quarter, acquiring an additional 2,162,615 shares, bringing its total ownership to 16,306,977 shares valued at $826,438,000. Other notable investors include Wealth Enhancement Advisory Services LLC, which raised its holdings by 22.6% during the same period, now owning 6,853,875 shares worth $346,121,000.
RiverFront Investment Group LLC made a significant move, increasing its holdings by an impressive 941.7%, acquiring 1,138,031 shares during the last quarter. Its total now stands at 1,258,877 shares, valued at $63,800,000. Additionally, Foster Dykema Cabot & Partners LLC lifted its position by 42.2%, purchasing 1,132,264 shares to reach a total of 3,814,842 shares valued at $193,336,000. Finally, Northwestern Mutual Wealth Management Co. raised its position by 27.6%, increasing its shares to 4,823,169, worth $244,438,000.
As of the latest trading session on Friday, JPMorgan Ultra-Short Income ETF shares opened at $50.63. The ETF boasts a market capitalization of $35.86 billion, a price-to-earnings ratio of 110.07, and a beta of 0.01. The fund has seen a 50-day moving average of $50.66 and a 200-day moving average of $50.65. Over the past year, the ETF has traded within a low of $50.30 and a high of $50.78.
The JPMorgan Ultra-Short Income ETF is designed to primarily invest in investment-grade fixed income securities. Launched on May 17, 2017, the fund is actively managed to maximize income while preserving capital, focusing on USD-denominated debt securities with an effective duration of one year or less.
This recent investment activity highlights the growing interest in ultra-short income strategies among institutional investors. As the market landscape continues to evolve, the ETF’s performance will likely draw attention from both seasoned investors and newcomers alike.
