SHP Wealth Management Makes New $653,000 Investment in JPMorgan Ultra-Short Income ETF $JPST

SHP Wealth Management purchased a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,900 shares of the company’s stock, valued at approximately $653,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth $25,000. Jackson Hole Capital Partners LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth $28,000. Sittner & Nelson LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth $30,000. MGB Wealth Management LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth about $30,000. Finally, Motiv8 Investments LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.50 on Friday. The business’s 50-day moving average price is $50.52 and its two-hundred day moving average price is $50.59. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.41 and a 1 year high of $50.79. The company has a market capitalization of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Company 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.