Elmwood Wealth Management Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 58.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 307,786 shares of the company’s stock after acquiring an additional 113,356 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 3.8% of Elmwood Wealth Management Inc.’s holdings, making the stock its biggest holding. Elmwood Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,503,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Strengthening Families & Communities LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth about $28,000. Motiv8 Investments LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $32,000. Beacon Financial Strategies CORP purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $34,000. Allied Private Wealth LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $38,000. Finally, Rice Partnership LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 327.5% in the 1st quarter. Rice Partnership LLC now owns 855 shares of the company’s stock valued at $43,000 after purchasing an additional 655 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Trading Down 0.0%
Shares of NYSEARCA JPST traded down $0.01 during trading hours on Wednesday, hitting $50.30. 12,289,206 shares of the company traded hands, compared to its average volume of 6,833,118. The company’s 50 day moving average price is $50.40 and its 200 day moving average price is $50.46. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.79. The stock has a market capitalization of $42.43 billion, a price-to-earnings ratio of 109.35 and a beta of 0.01.
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.
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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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