Midwestern Financial LLC IA Purchases New Holdings in JPMorgan Ultra-Short Income ETF $JPST

Midwestern Financial LLC IA acquired a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 65,491 shares of the company’s stock, valued at approximately $3,319,000. JPMorgan Ultra-Short Income ETF makes up 3.1% of Midwestern Financial LLC IA’s holdings, making the stock its 11th biggest holding.

A number of other hedge funds have also recently bought and sold shares of JPST. Barnes Wealth Management Group Inc raised its position in shares of JPMorgan Ultra-Short Income ETF by 4.5% during the second quarter. Barnes Wealth Management Group Inc now owns 52,809 shares of the company’s stock worth $2,676,000 after acquiring an additional 2,252 shares during the last quarter. Thrivent Financial for Lutherans increased its position in JPMorgan Ultra-Short Income ETF by 224.5% in the second quarter. Thrivent Financial for Lutherans now owns 676,769 shares of the company’s stock worth $34,299,000 after purchasing an additional 468,198 shares during the period. Silverlake Wealth Management LLC increased its position in JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Silverlake Wealth Management LLC now owns 85,594 shares of the company’s stock worth $4,338,000 after purchasing an additional 6,050 shares during the period. Carter Financial Group INC. bought a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $1,797,000. Finally, TT Capital Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $214,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.64 on Friday. The stock has a market cap of $34.20 billion, a price-to-earnings ratio of 110.09 and a beta of 0.01. The company has a 50 day moving average of $50.67 and a 200-day moving average of $50.63. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one 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.