Wedbush Securities Inc. Acquires 18,616 Shares of JPMorgan Ultra-Short Income ETF $JPST

Wedbush Securities Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 70.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 45,064 shares of the company’s stock after purchasing an additional 18,616 shares during the period. Wedbush Securities Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chelsea Counsel Co. bought a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $25,000. Pandora Wealth Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at $34,000. Quaker Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 173.1% during the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after purchasing an additional 1,906 shares during the period. Frazier Financial Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth about $41,000. Finally, Cullen Frost Bankers Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 75.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 949 shares of the company’s stock worth $48,000 after buying an additional 408 shares during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.62 on Friday. The firm has a market capitalization of $34.19 billion, a price-to-earnings ratio of 110.04 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.78. The company has a 50-day moving average of $50.67 and a 200 day moving average of $50.60.

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.