Independent Wealth Network Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 26.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 249,917 shares of the company’s stock after acquiring an additional 51,511 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 3.8% of Independent Wealth Network Inc.’s portfolio, making the stock its 3rd biggest position. Independent Wealth Network Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,648,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in JPST. Cardiff Park Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $25,000. Jackson Hole Capital Partners LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $28,000. Sittner & Nelson LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $30,000. MGB Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth about $30,000. Finally, Motiv8 Investments LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $32,000. 2.17% of the stock is owned by institutional investors and hedge funds.
JPMorgan Ultra-Short Income ETF Stock Up 0.0%
Shares of NYSEARCA JPST opened at $50.55 on Friday. The stock’s 50 day moving average price is $50.52 and its two-hundred day moving average price is $50.59. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.41 and a 52-week high of $50.79. The stock has a market capitalization of $37.57 billion, a P/E ratio of 109.89 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.
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Want to see what other hedge funds are holding JPST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report).
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