Adamsbrown Wealth Consultants LLC Makes New Investment in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Adamsbrown Wealth Consultants LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,498 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds also recently bought and sold shares of the company. TMD Wealth Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 227.6% during the first quarter. TMD Wealth Management LLC now owns 837,581 shares of the company’s stock valued at $42,147,000 after acquiring an additional 581,948 shares during the last quarter. Sheets Smith Wealth Management raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 24.1% during the first quarter. Sheets Smith Wealth Management now owns 57,448 shares of the company’s stock valued at $2,891,000 after acquiring an additional 11,156 shares during the last quarter. Westside Investment Management Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 68.8% during the first quarter. Westside Investment Management Inc. now owns 65,400 shares of the company’s stock valued at $3,291,000 after acquiring an additional 26,665 shares during the last quarter. Capital Advisors Wealth Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 76.3% during the first quarter. Capital Advisors Wealth Management LLC now owns 256,194 shares of the company’s stock valued at $12,892,000 after acquiring an additional 110,872 shares during the last quarter. Finally, Financial Advocates Investment Management raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 283.7% during the fourth quarter. Financial Advocates Investment Management now owns 232,310 shares of the company’s stock valued at $11,646,000 after acquiring an additional 171,762 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.13 on Tuesday. The business has a 50 day simple moving average of $50.10 and a two-hundred day simple moving average of $50.16. JPMorgan Ultra-Short Income ETF has a 12 month low of $49.93 and a 12 month high of $50.40.

JPMorgan Ultra-Short Income ETF 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.