Legacy Wealth Management Inc Purchases 69,920 Shares of JPMorgan Ultra-Short Income ETF $JPST

Legacy Wealth Management Inc increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,548,237 shares of the company’s stock after purchasing an additional 69,920 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 4.6% of Legacy Wealth Management Inc’s portfolio, making the stock its 8th largest position. Legacy Wealth Management Inc owned 0.23% of JPMorgan Ultra-Short Income ETF worth $78,542,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Temasek Holdings Private Ltd purchased a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $842,655,000. Bank of America Corp DE lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after acquiring an additional 2,162,615 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock valued at $562,208,000 after purchasing an additional 94,082 shares during the last quarter. HB Wealth Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 4.0% in the second quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock valued at $450,480,000 after purchasing an additional 342,791 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 22.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after purchasing an additional 1,265,522 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPST stock opened at $50.70 on Friday. The stock’s 50 day moving average is $50.67 and its two-hundred day moving average is $50.63. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78. The company has a market capitalization of $34.24 billion, a PE ratio of 110.22 and a beta of 0.01.

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.