SHP Wealth Management Takes $653,000 Position in JPMorgan Ultra-Short Income ETF $JPST

SHP Wealth Management purchased a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 12,900 shares of the company’s stock, valued at approximately $653,000.

Several other hedge funds and other institutional investors have also bought and sold shares of JPST. Millennium Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after purchasing an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $3,603,000. EverSource Wealth Advisors LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 99.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after buying an additional 496 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $203,000. Finally, Brown Advisory Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 7.6% during the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after buying an additional 431 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.50 on Friday. The stock’s fifty day simple moving average is $50.52 and its 200 day simple moving average is $50.59. The company has a market capitalization of $37.53 billion, a PE ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.41 and a 12 month high of $50.79.

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.