Adamsbrown Wealth Consultants LLC Boosts Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Adamsbrown Wealth Consultants LLC lifted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 37.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,414 shares of the company’s stock after purchasing an additional 17,021 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 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 reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JPST. Chelsea Counsel Co. purchased a new position in JPMorgan Ultra-Short Income ETF in the first quarter valued at $25,000. Pandora Wealth Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $34,000. Cooksen Wealth LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at about $36,000. Opal Wealth Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $68,000. Finally, Sunbelt Securities Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 58.9% in the 1st quarter. Sunbelt Securities Inc. now owns 1,433 shares of the company’s stock valued at $73,000 after purchasing an additional 531 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPST stock opened at $50.68 on Monday. The company has a market capitalization of $32.36 billion, a P/E ratio of 110.17 and a beta of 0.03. The business’s 50 day moving average is $50.61 and its two-hundred day moving average is $50.55. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 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.