Massachusetts Wealth Management Purchases 43,470 Shares of JPMorgan Ultra-Short Income ETF $JPST

Massachusetts Wealth Management boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 15.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 321,015 shares of the company’s stock after acquiring an additional 43,470 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 6.2% of Massachusetts Wealth Management’s investment portfolio, making the stock its biggest position. Massachusetts Wealth Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $16,170,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hartford Financial Management Inc. increased its position in shares of JPMorgan Ultra-Short Income ETF by 22.9% during the third quarter. Hartford Financial Management Inc. now owns 134,583 shares of the company’s stock worth $6,779,000 after acquiring an additional 25,097 shares during the last quarter. USAdvisors Wealth Management LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 3.4% in the third quarter. USAdvisors Wealth Management LLC now owns 69,169 shares of the company’s stock worth $3,484,000 after acquiring an additional 2,244 shares in the last quarter. Wavvest Wealth LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at about $5,238,000. Kraft Davis & Associates LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at about $2,448,000. Finally, Quadrant Capital Group LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 7.6% in the third quarter. Quadrant Capital Group LLC now owns 2,123,117 shares of the company’s stock valued at $106,814,000 after purchasing an additional 149,149 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.35 on Thursday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.79. The business has a 50 day moving average price of $50.39 and a two-hundred day moving average price of $50.46. The firm has a market cap of $42.53 billion, a PE ratio of 109.46 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.