Independent Solutions Wealth Management LLC Acquires 11,621 Shares of JPMorgan Ultra-Short Income ETF $JPST

Independent Solutions Wealth Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 19.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,834 shares of the company’s stock after acquiring an additional 11,621 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,634,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of JPMorgan Ultra-Short Income ETF by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after purchasing an additional 7,786,258 shares in the last quarter. Temasek Holdings Private Ltd acquired a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at about $300,296,000. Bank of America Corp DE grew its stake in JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after buying an additional 2,162,615 shares during the last quarter. Kensington Asset Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 1,382.7% during the third quarter. Kensington Asset Management LLC now owns 1,080,232 shares of the company’s stock worth $54,800,000 after buying an additional 1,007,375 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 286.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,266,826 shares of the company’s stock worth $64,162,000 after buying an additional 938,617 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.50 on Friday. The stock has a market capitalization of $37.53 billion, a P/E ratio of 109.78 and a beta of 0.01. The company’s 50 day simple moving average is $50.53 and its 200-day simple moving average is $50.62. JPMorgan Ultra-Short Income ETF has a one year low of $50.42 and a one year high of $50.79.

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.