Nordwand Advisors LLC Buys New Stake in JPMorgan Ultra-Short Income ETF $JPST

Nordwand Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,038 shares of the company’s stock, valued at approximately $509,000.

Several other large investors also recently bought and sold shares of JPST. Bank of New York Mellon Corp lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 223.0% in the 1st quarter. Bank of New York Mellon Corp now owns 103,716 shares of the company’s stock valued at $5,251,000 after purchasing an additional 71,608 shares during the last quarter. Calton & Associates Inc. purchased a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $291,000. OneAscent Financial Services LLC increased its position in JPMorgan Ultra-Short Income ETF by 6.1% during the first quarter. OneAscent Financial Services LLC now owns 15,340 shares of the company’s stock worth $777,000 after buying an additional 886 shares during the period. Millstone Evans Group LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 164.9% in the first quarter. Millstone Evans Group LLC now owns 3,213 shares of the company’s stock valued at $163,000 after buying an additional 2,000 shares during the last quarter. Finally, Gallacher Capital Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 9.4% in the first quarter. Gallacher Capital Management LLC now owns 67,848 shares of the company’s stock valued at $3,435,000 after buying an additional 5,824 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

JPST stock opened at $50.66 on Tuesday. The company has a market capitalization of $34.22 billion, a P/E ratio of 110.13 and a beta of 0.01. The business has a 50 day simple moving average of $50.68 and a 200-day simple moving average of $50.60. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.78.

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.