GK Wealth Management LLC Purchases Shares of 87,882 JPMorgan Ultra-Short Income ETF $JPST

GK Wealth Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 87,882 shares of the company’s stock, valued at approximately $4,444,000. JPMorgan Ultra-Short Income ETF accounts for about 2.3% of GK Wealth Management LLC’s holdings, making the stock its 7th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Millennium Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after buying an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in JPMorgan Ultra-Short Income ETF during the first quarter worth $3,603,000. EverSource Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 99.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after acquiring an additional 496 shares in the last quarter. First Trust Advisors LP bought a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth $203,000. Finally, Brown Advisory Inc. lifted its stake in JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after acquiring an additional 431 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.42 on Wednesday. The company has a fifty day moving average price of $50.48 and a two-hundred day moving average price of $50.55. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year high of $50.79. The stock has a market cap of $40.32 billion, a P/E ratio of 109.61 and a beta of 0.01.

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.