Gerber Kawasaki Wealth & Investment Management Has $27.37 Million Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Gerber Kawasaki Wealth & Investment Management raised its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 53.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 539,982 shares of the company’s stock after purchasing an additional 189,001 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 1.1% of Gerber Kawasaki Wealth & Investment Management’s portfolio, making the stock its 25th biggest holding. Gerber Kawasaki Wealth & Investment Management owned about 0.08% of JPMorgan Ultra-Short Income ETF worth $27,366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JPST. Crestmont Private Wealth LLC grew its position in JPMorgan Ultra-Short Income ETF by 1.4% in the 2nd quarter. Crestmont Private Wealth LLC now owns 229,162 shares of the company’s stock worth $11,614,000 after purchasing an additional 3,213 shares in the last quarter. Cary Street Partners Financial LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 37.5% in the 2nd quarter. Cary Street Partners Financial LLC now owns 42,723 shares of the company’s stock worth $2,165,000 after buying an additional 11,657 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 5.6% in the 2nd quarter. Cerity Partners LLC now owns 5,231,134 shares of the company’s stock worth $265,114,000 after buying an additional 279,573 shares during the last quarter. Daner Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at about $1,096,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at approximately $3,708,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.61 on Monday. The company has a market capitalization of $34.18 billion, a P/E ratio of 110.02 and a beta of 0.01. The business has a fifty day simple moving average of $50.67 and a two-hundred day simple moving average of $50.62. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78.

JPMorgan Ultra-Short Income ETF Company 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.