Cauble & Harre Wealth Management Inc. Invests $5.45 Million in JPMorgan Ultra-Short Income ETF $JPST

Cauble & Harre Wealth Management Inc. bought a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 107,324 shares of the company’s stock, valued at approximately $5,449,000. JPMorgan Ultra-Short Income ETF makes up approximately 4.6% of Cauble & Harre Wealth Management Inc.’s investment portfolio, making the stock its 6th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AE Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 3.9% in the third quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock worth $17,072,000 after acquiring an additional 12,743 shares in the last quarter. Beacon Financial Advisory LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 13.0% during the 3rd quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock worth $5,694,000 after acquiring an additional 12,895 shares in the last quarter. Mezzasalma Advisors LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 70.9% during the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after purchasing an additional 33,446 shares in the last quarter. Great Point Wealth Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $34,876,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 167,729 shares of the company’s stock valued at $8,509,000 after purchasing an additional 15,496 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

JPST stock opened at $50.50 on Friday. The company has a market capitalization of $37.53 billion, a P/E ratio of 109.78 and a beta of 0.01. The business has a 50 day simple moving average of $50.53 and a 200-day simple moving average of $50.62. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.42 and a twelve month high of $50.79.

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.