Nolet Wealth Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 59,598 shares of the company’s stock, valued at approximately $3,015,000. JPMorgan Ultra-Short Income ETF accounts for about 1.7% of Nolet Wealth Management LLC’s holdings, making the stock its 11th largest position.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cardiff Park Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $25,000. Jackson Hole Capital Partners LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $28,000. MGB Wealth Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $30,000. Sittner & Nelson LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $30,000. Finally, Motiv8 Investments LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $32,000. 2.17% of the stock is currently owned by institutional investors.
JPMorgan Ultra-Short Income ETF Stock Up 0.0%
Shares of JPST stock opened at $50.50 on Friday. The firm has a market cap of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.41 and a 52-week high of $50.79. The company’s 50 day moving average is $50.52 and its 200 day moving average is $50.59.
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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