Gateway Wealth Partners LLC Raises Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Gateway Wealth Partners LLC lifted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 186.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 239,812 shares of the company’s stock after buying an additional 156,156 shares during the period. Gateway Wealth Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,137,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in JPST. Vawter Financial Ltd. raised its position in shares of JPMorgan Ultra-Short Income ETF by 11.3% during the 1st quarter. Vawter Financial Ltd. now owns 91,108 shares of the company’s stock valued at $4,611,000 after buying an additional 9,255 shares in the last quarter. Waverly Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 54.5% in the first quarter. Waverly Advisors LLC now owns 1,757,191 shares of the company’s stock worth $88,931,000 after acquiring an additional 619,736 shares in the last quarter. Bridgewater Advisors Inc. grew its position in JPMorgan Ultra-Short Income ETF by 2.8% in the first quarter. Bridgewater Advisors Inc. now owns 1,919,555 shares of the company’s stock worth $96,976,000 after acquiring an additional 51,567 shares in the last quarter. Adventist Health System Sunbelt Healthcare Corp increased its stake in JPMorgan Ultra-Short Income ETF by 215.9% during the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after acquiring an additional 1,921,600 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in JPMorgan Ultra-Short Income ETF by 20.3% during the first quarter. Gamco Investors INC. ET AL now owns 232,833 shares of the company’s stock worth $11,784,000 after acquiring an additional 39,241 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.48 on Monday. The company has a market cap of $40.04 billion, a PE ratio of 109.74 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The stock’s 50 day simple moving average is $50.49 and its two-hundred day simple moving average is $50.56.

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.