VanWeelden Wealth Management LLC Invests $9.45 Million in JPMorgan Ultra-Short Income ETF $JPST

VanWeelden Wealth Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the fourth quarter, Holdings Channel reports. The firm acquired 186,852 shares of the company’s stock, valued at approximately $9,453,000. JPMorgan Ultra-Short Income ETF makes up approximately 7.4% of VanWeelden Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding.

Other large investors also recently added to or reduced their stakes in the company. Rossmore Private Capital purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $25,000. Cardiff Park Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $28,000. MGB Wealth Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $30,000. Finally, American National Bank & Trust bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $38,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Down 0.3%

JPST opened at $50.45 on Friday. The stock’s fifty day moving average is $50.57 and its two-hundred day moving average is $50.64. The company has a market capitalization of $37.50 billion, a P/E ratio of 109.67 and a beta of 0.01. 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 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.