553,661 Shares in JPMorgan Ultra-Short Income ETF $JPST Purchased by Divergent Planning LLC

Divergent Planning LLC acquired a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 553,661 shares of the company’s stock, valued at approximately $28,060,000. JPMorgan Ultra-Short Income ETF accounts for approximately 5.1% of Divergent Planning LLC’s investment portfolio, making the stock its 5th biggest holding. Divergent Planning LLC owned about 0.09% of JPMorgan Ultra-Short Income ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chelsea Counsel Co. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $25,000. Pandora Wealth Inc. purchased a new position in JPMorgan Ultra-Short Income ETF during the first quarter valued at $34,000. Cooksen Wealth LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the first quarter worth $36,000. Frazier Financial Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth $41,000. Finally, TD Private Client Wealth LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at $48,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.73 on Tuesday. The firm has a market cap of $34.21 billion, a PE ratio of 110.28 and a beta of 0.03. The stock has a 50-day moving average price of $50.67 and a 200-day moving average price of $50.58. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.76.

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.