GPS Wealth Strategies Group LLC Boosts Stake in JPMorgan Ultra-Short Income ETF $JPST

GPS Wealth Strategies Group LLC grew its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 97.3% during the second quarter, Holdings Channel reports. The fund owned 19,337 shares of the company’s stock after purchasing an additional 9,536 shares during the period. GPS Wealth Strategies Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $980,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JPST. Chelsea Counsel Co. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $25,000. Pandora Wealth Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $34,000. Frazier Financial Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $41,000. Quaker Wealth Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 173.1% during the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after acquiring an additional 1,906 shares during the period. Finally, TD Private Client Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $48,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.59 on Wednesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.78. The business’s 50 day moving average price is $50.68 and its two-hundred day moving average price is $50.60. The company has a market capitalization of $34.17 billion, a price-to-earnings ratio of 109.98 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.