Tradewinds LLC. Takes $9.96 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Tradewinds LLC. bought a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 196,339 shares of the company’s stock, valued at approximately $9,960,000. JPMorgan Ultra-Short Income ETF makes up approximately 2.4% of Tradewinds LLC.’s investment portfolio, making the stock its 9th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Brentview Investment Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $35,000. Silicon Valley Capital Partners acquired a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth about $37,000. American National Bank & Trust bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth about $38,000. Frazier Financial Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $41,000. Finally, Quaker Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 173.1% in 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 last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.67 on Monday. The firm’s 50 day moving average is $50.66 and its 200-day moving average is $50.65. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.78. The stock has a market capitalization of $35.95 billion, a P/E ratio of 110.15 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.