Wealthfront Advisers LLC Has $3.25 Million Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Wealthfront Advisers LLC raised its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 23.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,204 shares of the company’s stock after acquiring an additional 12,306 shares during the quarter. Wealthfront Advisers LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,249,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Nicholson Meyer Capital Management Inc. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the first quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock worth $1,128,000 after acquiring an additional 202 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 2.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after purchasing an additional 221 shares during the period. Whipplewood Advisors LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 1.2% during the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock worth $936,000 after purchasing an additional 227 shares during the last quarter. Keel Point LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after purchasing an additional 239 shares during the last quarter. Finally, Atticus Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 3.2% during the 4th quarter. Atticus Wealth Management LLC now owns 7,897 shares of the company’s stock worth $399,000 after purchasing an additional 243 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

JPST opened at $50.50 on Monday. The business has a fifty day simple moving average of $50.49 and a 200 day simple moving average of $50.57. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The company has a market capitalization of $40.02 billion, a PE ratio of 109.78 and a beta of 0.01.

About JPMorgan Ultra-Short Income ETF

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.