Wealthfront Advisers LLC Has $3.25 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Wealthfront Advisers LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 23.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,204 shares of the company’s stock after buying an additional 12,306 shares during the quarter. Wealthfront Advisers LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mezzasalma Advisors LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 70.9% in the 4th quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock valued at $4,082,000 after acquiring an additional 33,446 shares during the period. Webster Bank N. A. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 27.0% in the 4th quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock valued at $5,430,000 after purchasing an additional 22,815 shares during the period. Buck Wealth Strategies LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.3% in the 4th quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock valued at $14,367,000 after purchasing an additional 19,402 shares during the period. Optima Capital LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $3,485,000. Finally, Greenberg Financial Group bought a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $1,544,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.50 on Monday. The business’s 50 day moving average price is $50.49 and its two-hundred day moving average price is $50.57. The company has a market cap of $40.02 billion, a PE ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.39 and a twelve 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.