Stark Wealth Management LLC Purchases Shares of 18,003 JPMorgan Ultra-Short Income ETF $JPST

Stark Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 18,003 shares of the company’s stock, valued at approximately $911,000. JPMorgan Ultra-Short Income ETF accounts for about 3.2% of Stark Wealth Management LLC’s portfolio, making the stock its 12th largest position.

Several other institutional investors also recently modified their holdings of JPST. Tobias Financial Advisors Inc. increased its position in JPMorgan Ultra-Short Income ETF by 6.6% during the fourth quarter. Tobias Financial Advisors Inc. now owns 11,088 shares of the company’s stock worth $561,000 after buying an additional 686 shares during the last quarter. Venture Visionary Partners LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 312.6% in the fourth quarter. Venture Visionary Partners LLC now owns 25,494 shares of the company’s stock valued at $1,290,000 after buying an additional 19,315 shares during the last quarter. Motiv8 Investments LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $32,000. Focus Partners Wealth boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 149.9% during the 4th quarter. Focus Partners Wealth now owns 1,440,192 shares of the company’s stock worth $72,957,000 after acquiring an additional 863,988 shares during the period. Finally, Kensington Asset Management LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.6% during the 4th quarter. Kensington Asset Management LLC now owns 1,161,999 shares of the company’s stock worth $59,006,000 after acquiring an additional 81,767 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

JPST stock opened at $50.52 on Tuesday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 and a 1-year high of $50.79. The business’s 50 day simple moving average is $50.51 and its 200 day simple moving average is $50.60. The firm has a market capitalization of $37.55 billion, a PE ratio of 109.83 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.