Independent Wealth Network Inc. Acquires 31,273 Shares of JPMorgan Ultra-Short Income ETF $JPST

Independent Wealth Network Inc. increased its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 19.0% in the third quarter, Holdings Channel reports. The firm owned 196,277 shares of the company’s stock after buying an additional 31,273 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 3.2% of Independent Wealth Network Inc.’s investment portfolio, making the stock its 4th biggest holding. Independent Wealth Network Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of JPST. Chelsea Counsel Co. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth about $25,000. Brentview Investment Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at approximately $35,000. Silicon Valley Capital Partners acquired a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $37,000. Quaker Wealth Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 173.1% during the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after acquiring an additional 1,906 shares during the period. Finally, Vestor Capital LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $41,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.73 on Thursday. The business has a 50 day simple moving average of $50.67 and a 200-day simple moving average of $50.64. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.78. The stock has a market capitalization of $34.26 billion, a PE ratio of 110.28 and a beta of 0.01.

About JPMorgan Ultra-Short Income ETF

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.