Rothschild Wealth LLC Acquires New Stake in JPMorgan Ultra-Short Income ETF $JPST

Rothschild Wealth LLC purchased a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 39,096 shares of the company’s stock, valued at approximately $1,978,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Lakeridge Wealth Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 4.5% in the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock worth $241,000 after buying an additional 206 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 2.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after buying an additional 221 shares during the last quarter. Lantern Wealth Advisors LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 5.0% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock worth $240,000 after buying an additional 226 shares during the last quarter. Condor Capital Management boosted its stake in JPMorgan Ultra-Short Income ETF by 1.6% in the 3rd quarter. Condor Capital Management now owns 14,607 shares of the company’s stock worth $741,000 after buying an additional 231 shares during the last quarter. Finally, Keel Point LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 1.4% in the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after buying an additional 239 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.52 on Wednesday. The stock’s 50-day moving average price is $50.51 and its two-hundred day moving average price is $50.60. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.41 and a 12-month high of $50.79. The firm has a market cap of $37.55 billion, a price-to-earnings ratio of 109.83 and a beta of 0.01.

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.