VeraBank N.A. Takes $973,000 Position in JPMorgan Ultra-Short Income ETF $JPST

VeraBank N.A. purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 19,195 shares of the company’s stock, valued at approximately $973,000.

Other institutional investors have also recently bought and sold shares of the company. Chelsea Counsel Co. bought a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at about $25,000. Pandora Wealth Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $34,000. Frazier Financial Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $41,000. Quaker Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 173.1% during the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after acquiring an additional 1,906 shares during the period. Finally, TD Private Client Wealth LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth about $48,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.62 on Tuesday. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.78. The firm has a 50 day simple moving average of $50.67 and a two-hundred day simple moving average of $50.60. The company has a market cap of $34.19 billion, a P/E ratio of 110.04 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.