Legacy Wealth Management Inc boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,548,237 shares of the company’s stock after buying an additional 69,920 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 4.6% of Legacy Wealth Management Inc’s investment portfolio, making the stock its 8th biggest holding. Legacy Wealth Management Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $78,542,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chelsea Counsel Co. bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at approximately $25,000. Brentview Investment Management LLC bought a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth $35,000. Silicon Valley Capital Partners acquired a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth $37,000. Frazier Financial Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at $41,000. Finally, Quaker Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 173.1% during the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after purchasing an additional 1,906 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Stock Performance
JPMorgan Ultra-Short Income ETF stock opened at $50.70 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78. The firm’s 50-day moving average is $50.67 and its 200-day moving average is $50.63. The company has a market cap of $34.24 billion, a P/E ratio of 110.22 and a beta of 0.01.
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.
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