Midland Wealth Advisors LLC Has $3.21 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Midland Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.3% during the second quarter, Holdings Channel reports. The institutional investor owned 63,364 shares of the company’s stock after buying an additional 3,781 shares during the quarter. Midland Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,211,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of JPST. Aspen Wealth Strategies LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 58.7% during the second quarter. Aspen Wealth Strategies LLC now owns 26,125 shares of the company’s stock worth $1,324,000 after purchasing an additional 9,658 shares during the last quarter. Vise Technologies Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $2,740,000. Cahill Financial Advisors Inc. increased its position in JPMorgan Ultra-Short Income ETF by 53.5% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 12,962 shares of the company’s stock worth $657,000 after buying an additional 4,516 shares during the period. Americana Partners LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 14.2% in the 2nd quarter. Americana Partners LLC now owns 35,913 shares of the company’s stock valued at $1,820,000 after purchasing an additional 4,468 shares during the period. Finally, TFO Wealth Partners LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $2,354,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.62 on Monday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.78. The firm’s 50-day moving average price is $50.67 and its two-hundred day moving average price is $50.60. The company has a market capitalization of $34.19 billion, a price-to-earnings 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.