Gerber Kawasaki Wealth & Investment Management Has $33.03 Million Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Gerber Kawasaki Wealth & Investment Management grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 652,830 shares of the company’s stock after buying an additional 55,093 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 1.1% of Gerber Kawasaki Wealth & Investment Management’s portfolio, making the stock its 26th largest position. Gerber Kawasaki Wealth & Investment Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $33,027,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after purchasing an additional 9,729,791 shares during the period. LPL Financial LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.0% during the fourth quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after purchasing an additional 1,459,312 shares during the period. Bank of America Corp DE boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares during the period. UBS Group AG boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.9% during the fourth quarter. UBS Group AG now owns 9,469,398 shares of the company’s stock worth $479,057,000 after purchasing an additional 531,080 shares during the period. Finally, HB Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.5% during the fourth quarter. HB Wealth Management LLC now owns 9,443,109 shares of the company’s stock worth $475,272,000 after purchasing an additional 140,546 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.49 on Friday. The stock has a market cap of $37.53 billion, a P/E ratio of 109.76 and a beta of 0.01. The firm has a 50 day simple moving average of $50.51 and a 200 day simple moving average of $50.60. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.41 and a 52 week high of $50.79.

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.