Schwallier Wealth Management LLC Boosts Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Schwallier Wealth Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 19.2% during the 3rd quarter, Holdings Channel reports. The fund owned 362,443 shares of the company’s stock after acquiring an additional 58,496 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 13.2% of Schwallier Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Schwallier Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $18,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE lifted its position in shares of JPMorgan Ultra-Short Income ETF by 37.8% in the first quarter. US Bancorp DE now owns 21,108 shares of the company’s stock worth $1,065,000 after purchasing an additional 5,787 shares in the last quarter. Crewe Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 0.5% during the 1st quarter. Crewe Advisors LLC now owns 203,946 shares of the company’s stock worth $10,289,000 after purchasing an additional 1,003 shares during the period. CreativeOne Wealth LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 30.1% in the 1st quarter. CreativeOne Wealth LLC now owns 7,584 shares of the company’s stock valued at $383,000 after acquiring an additional 1,753 shares in the last quarter. OLD Mission Capital LLC lifted its position in JPMorgan Ultra-Short Income ETF by 311.6% in the first quarter. OLD Mission Capital LLC now owns 103,081 shares of the company’s stock worth $5,200,000 after purchasing an additional 78,039 shares during the period. Finally, Axxcess Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 10.2% during the first quarter. Axxcess Wealth Management LLC now owns 1,281,802 shares of the company’s stock worth $64,667,000 after purchasing an additional 118,274 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.50 on Tuesday. The company’s 50-day moving average price is $50.56 and its two-hundred day moving average price is $50.48. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.13 and a 12 month high of $50.75.

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.