Diversify Wealth Management LLC Boosts Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Diversify Wealth Management LLC lifted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 51.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 243,018 shares of the company’s stock after acquiring an additional 82,761 shares during the quarter. Diversify Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in JPST. Cardiff Park Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at about $25,000. Jackson Hole Capital Partners LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $28,000. Sittner & Nelson LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $30,000. Motiv8 Investments LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock remained flat at $50.45 during mid-day trading on Friday. 7,859,971 shares of the company’s stock traded hands, compared to its average volume of 6,763,187. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The firm’s 50 day moving average is $50.50 and its 200-day moving average is $50.58. The stock has a market capitalization of $39.78 billion, a P/E ratio of 109.67 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.