Whalen Wealth Management Inc. Invests $2.26 Million in JPMorgan Ultra-Short Income ETF $JPST

Whalen Wealth Management Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 44,576 shares of the company’s stock, valued at approximately $2,259,000. JPMorgan Ultra-Short Income ETF comprises approximately 1.4% of Whalen Wealth Management Inc.’s holdings, making the stock its 13th biggest holding.

Other hedge funds also recently modified their holdings of the company. Chelsea Counsel Co. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $25,000. Pandora Wealth Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $34,000. Cooksen Wealth LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $36,000. Quaker Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 173.1% in the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after purchasing an additional 1,906 shares in the last quarter. Finally, Frazier Financial Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.77 on Wednesday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.77. The company has a 50-day simple moving average of $50.68 and a two-hundred day simple moving average of $50.59. The stock has a market capitalization of $34.29 billion, a price-to-earnings ratio of 110.37 and a beta of 0.01.

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.