M3 Wealth Management LLC Invests $1.74 Million in JPMorgan Ultra-Short Income ETF $JPST

M3 Wealth Management LLC bought a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 34,409 shares of the company’s stock, valued at approximately $1,741,000. JPMorgan Ultra-Short Income ETF accounts for about 1.4% of M3 Wealth Management LLC’s holdings, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in JPMorgan Ultra-Short Income ETF by 8.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after purchasing an additional 7,786,258 shares in the last quarter. Bank of America Corp DE boosted its stake in JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares in the last quarter. UBS Group AG boosted its stake in JPMorgan Ultra-Short Income ETF by 5.9% in the 4th quarter. UBS Group AG now owns 9,469,398 shares of the company’s stock worth $479,057,000 after purchasing an additional 531,080 shares in the last quarter. HB Wealth Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 1.5% in the 4th quarter. HB Wealth Management LLC now owns 9,443,109 shares of the company’s stock worth $475,272,000 after purchasing an additional 140,546 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 568.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock worth $393,694,000 after purchasing an additional 6,617,940 shares in the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.56 on Wednesday. The stock has a market cap of $37.58 billion, a price-to-earnings ratio of 109.91 and a beta of 0.01. The firm’s 50-day moving average is $50.53 and its 200 day moving average is $50.62. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.42 and a 1 year high of $50.79.

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.