Wealthfront Advisers LLC Grows Stake in JPMorgan Ultra-Short Income ETF $JPST

Wealthfront Advisers LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 14.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 45,693 shares of the company’s stock after buying an additional 5,615 shares during the period. Wealthfront Advisers LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,316,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 13.4% in the 1st quarter. Golden State Wealth Management LLC now owns 44,377 shares of the company’s stock valued at $2,247,000 after acquiring an additional 5,235 shares during the period. Koshinski Asset Management Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 27.4% during the 1st quarter. Koshinski Asset Management Inc. now owns 5,284 shares of the company’s stock worth $268,000 after purchasing an additional 1,137 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 19.0% during the 1st quarter. DAVENPORT & Co LLC now owns 68,766 shares of the company’s stock worth $3,482,000 after purchasing an additional 10,991 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth $1,100,000. Finally, Ballentine Capital Advisors Inc lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 60.3% during the 1st quarter. Ballentine Capital Advisors Inc now owns 26,168 shares of the company’s stock worth $1,325,000 after purchasing an additional 9,845 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.73 on Thursday. The stock has a market capitalization of $34.26 billion, a P/E ratio of 110.28 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 business has a fifty day moving average price of $50.68 and a 200 day moving average price of $50.59.

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.