Nwam LLC Buys 40,587 Shares of JPMorgan Ultra-Short Income ETF $JPST

Nwam LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 51.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 120,046 shares of the company’s stock after buying an additional 40,587 shares during the quarter. Nwam LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,080,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strategent Financial LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 1.4% in the 2nd quarter. Strategent Financial LLC now owns 349,122 shares of the company’s stock valued at $17,694,000 after purchasing an additional 4,657 shares during the last quarter. San Luis Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 36.1% during the second quarter. San Luis Wealth Advisors LLC now owns 674,498 shares of the company’s stock worth $34,184,000 after buying an additional 179,002 shares during the last quarter. Tiemann Investment Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 9.3% during the first quarter. Tiemann Investment Advisors LLC now owns 135,537 shares of the company’s stock worth $6,862,000 after buying an additional 11,570 shares in the last quarter. Clear Point Advisors Inc. increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 3.1% during the second quarter. Clear Point Advisors Inc. now owns 64,613 shares of the company’s stock worth $3,275,000 after buying an additional 1,920 shares in the last quarter. Finally, Arbor Trust Wealth Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $374,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.62 on Tuesday. The company has a market cap of $34.19 billion, a price-to-earnings ratio of 110.04 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 business’s fifty day moving average is $50.67 and its 200 day moving average is $50.60.

JPMorgan Ultra-Short Income ETF 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.