Philip James Wealth Mangement LLC Has $11.37 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Philip James Wealth Mangement LLC raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 224,432 shares of the company’s stock after acquiring an additional 4,329 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 1.5% of Philip James Wealth Mangement LLC’s holdings, making the stock its 12th biggest holding. Philip James Wealth Mangement LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $11,374,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chelsea Counsel Co. acquired a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $25,000. Pandora Wealth Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $34,000. Cooksen Wealth LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $36,000. TD Private Client Wealth LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $48,000. Finally, Sound Income Strategies LLC increased its stake in JPMorgan Ultra-Short Income ETF by 54.9% in the 2nd quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock valued at $59,000 after buying an additional 412 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Down 0.3%

Shares of JPST stock opened at $50.57 on Thursday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.76. The firm’s fifty day moving average price is $50.65 and its two-hundred day moving average price is $50.57. The firm has a market capitalization of $32.29 billion, a P/E ratio of 109.93 and a beta of 0.03.

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.