JPMorgan Ultra-Short Income ETF $JPST Shares Acquired by Legacy Wealth Management Inc

Legacy Wealth Management Inc grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,478,317 shares of the company’s stock after buying an additional 31,818 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 4.7% of Legacy Wealth Management Inc’s holdings, making the stock its 8th largest holding. Legacy Wealth Management Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $74,921,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Chelsea Counsel Co. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at $25,000. Pandora Wealth Inc. acquired a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter worth $34,000. Cooksen Wealth LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter worth $36,000. TD Private Client Wealth LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $48,000. Finally, Sound Income Strategies LLC grew its stake in JPMorgan Ultra-Short Income ETF by 54.9% during the 2nd quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock worth $59,000 after purchasing an additional 412 shares in the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.74 on Tuesday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.75. The stock has a market capitalization of $32.40 billion, a price-to-earnings ratio of 110.30 and a beta of 0.03. The business has a fifty day moving average price of $50.65 and a 200 day moving average price of $50.57.

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.