Gilpin Wealth Management LLC Takes $2.07 Million Position 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) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 40,858 shares of the company’s stock, valued at approximately $2,067,000. JPMorgan Ultra-Short Income ETF makes up about 1.6% of Gilpin Wealth Management LLC’s investment portfolio, making the stock its 15th largest position.

Several other large investors also recently made changes to their positions in the business. Mezzasalma Advisors LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 70.9% during the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after purchasing an additional 33,446 shares during the period. Webster Bank N. A. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 27.0% during the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock worth $5,430,000 after purchasing an additional 22,815 shares during the period. Greenberg Financial Group acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $1,544,000. Optima Capital LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $3,485,000. Finally, Buck Wealth Strategies LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.3% during the fourth quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock worth $14,367,000 after purchasing an additional 19,402 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.45 on Thursday. The stock has a market cap of $37.50 billion, a P/E ratio of 109.67 and a beta of 0.01. The firm has a 50 day simple moving average of $50.51 and a 200 day simple moving average of $50.60. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.41 and a 52 week high of $50.79.

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.