Madrid Wealth Management LLC Buys New Stake in JPMorgan Ultra-Short Income ETF $JPST

Madrid Wealth Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 66,831 shares of the company’s stock, valued at approximately $3,381,000. JPMorgan Ultra-Short Income ETF accounts for 2.7% of Madrid Wealth Management LLC’s portfolio, making the stock its 11th largest position.

Several other large investors have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its position in JPMorgan Ultra-Short Income ETF by 22.0% in the fourth quarter. Fifth Third Bancorp now owns 1,685,583 shares of the company’s stock valued at $85,274,000 after purchasing an additional 304,040 shares during the period. Mutual Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 3.1% in the fourth quarter. Mutual Advisors LLC now owns 255,934 shares of the company’s stock valued at $12,948,000 after buying an additional 7,723 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 9.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 134,055 shares of the company’s stock valued at $6,782,000 after buying an additional 11,965 shares during the period. Belleair Asset Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $235,000. Finally, Citizens Financial Group Inc. RI lifted its position in JPMorgan Ultra-Short Income ETF by 6.1% during the 4th quarter. Citizens Financial Group Inc. RI now owns 919,399 shares of the company’s stock worth $46,678,000 after acquiring an additional 52,486 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

NYSEARCA JPST opened at $50.60 on Friday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79. The business has a 50 day moving average price of $50.57 and a two-hundred day moving average price of $50.64. The stock has a market cap of $37.61 billion, a PE ratio of 110.00 and a beta of 0.01.

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.