Gilpin Wealth Management LLC Acquires New Holdings in JPMorgan Ultra-Short Income ETF $JPST

Gilpin Wealth Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 40,858 shares of the company’s stock, valued at approximately $2,067,000. JPMorgan Ultra-Short Income ETF comprises approximately 1.6% of Gilpin Wealth Management LLC’s investment portfolio, making the stock its 15th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cardiff Park Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC bought a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $28,000. Sittner & Nelson LLC bought a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $30,000. MGB Wealth Management LLC bought a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $30,000. Finally, TD Private Client Wealth LLC raised its position in JPMorgan Ultra-Short Income ETF by 89.1% during the fourth quarter. TD Private Client Wealth LLC now owns 743 shares of the company’s stock valued at $38,000 after acquiring an additional 350 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.45 on Thursday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.41 and a twelve month high of $50.79. The firm has a market cap of $37.50 billion, a PE ratio of 109.67 and a beta of 0.01. The firm’s 50 day moving average price is $50.51 and its 200 day moving average price is $50.60.

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.