Gimbal Financial Makes New Investment in JPMorgan Ultra-Short Income ETF $JPST

Gimbal Financial purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,862 shares of the company’s stock, valued at approximately $398,000. JPMorgan Ultra-Short Income ETF accounts for about 0.2% of Gimbal Financial’s portfolio, making the stock its 29th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Centurion Wealth Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 2.0% during the second quarter. Centurion Wealth Management LLC now owns 10,160 shares of the company’s stock worth $515,000 after purchasing an additional 200 shares during the period. CWC Advisors LLC. grew its position in shares of JPMorgan Ultra-Short Income ETF by 5.1% in the second quarter. CWC Advisors LLC. now owns 5,468 shares of the company’s stock valued at $277,000 after purchasing an additional 263 shares in the last quarter. Muirfield Wealth Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 7.1% during the second quarter. Muirfield Wealth Advisors LLC now owns 4,326 shares of the company’s stock worth $219,000 after buying an additional 286 shares in the last quarter. GEM Asset Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.0% in the 2nd quarter. GEM Asset Management LLC now owns 8,049 shares of the company’s stock worth $406,000 after purchasing an additional 311 shares in the last quarter. Finally, Investment Planning Advisors Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 4.0% in the 1st quarter. Investment Planning Advisors Inc. now owns 8,356 shares of the company’s stock valued at $423,000 after acquiring an additional 321 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.73 on Wednesday. The firm has a market capitalization of $34.21 billion, a P/E 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 52-week low of $50.30 and a 52-week 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.