Adamsbrown Wealth Consultants LLC Grows Stake in JPMorgan Ultra-Short Income ETF $JPST

Adamsbrown Wealth Consultants LLC boosted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 37.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 62,414 shares of the company’s stock after buying an additional 17,021 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 0.9% of Adamsbrown Wealth Consultants LLC’s portfolio, making the stock its 17th biggest holding. Adamsbrown Wealth Consultants LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,163,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Millennium Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 486.4% during the fourth quarter. Millennium Management LLC now owns 201,973 shares of the company’s stock valued at $10,173,000 after acquiring an additional 167,529 shares during the last quarter. Royal Bank of Canada increased its position in shares of JPMorgan Ultra-Short Income ETF by 4.7% during the fourth quarter. Royal Bank of Canada now owns 3,641,449 shares of the company’s stock worth $183,420,000 after purchasing an additional 162,519 shares in the last quarter. Strategic Wealth Partners Ltd. increased its position in shares of JPMorgan Ultra-Short Income ETF by 35.7% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 36,555 shares of the company’s stock worth $1,845,000 after purchasing an additional 9,626 shares in the last quarter. Vivaldi Capital Management LP acquired a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $243,000. Finally, Vista Cima Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $1,603,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of JPST opened at $50.68 on Monday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.75. The stock has a market cap of $32.36 billion, a PE ratio of 110.17 and a beta of 0.03. The firm’s fifty day moving average is $50.61 and its two-hundred day moving average is $50.55.

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.