WT Wealth Management Purchases 13,169 Shares of JPMorgan Ultra-Short Income ETF $JPST

WT Wealth Management increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,611 shares of the company’s stock after purchasing an additional 13,169 shares during the period. JPMorgan Ultra-Short Income ETF makes up 2.1% of WT Wealth Management’s investment portfolio, making the stock its 13th largest holding. WT Wealth Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Chelsea Counsel Co. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at about $25,000. Brentview Investment Management LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $35,000. Quaker Wealth Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 173.1% during the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after purchasing an additional 1,906 shares during the last quarter. Vestor Capital LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $41,000. Finally, Frazier Financial Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $41,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.64 on Monday. The firm has a market capitalization of $34.20 billion, a PE ratio of 110.09 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.78. The stock’s 50 day moving average is $50.67 and its 200-day moving average is $50.63.

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.