Redwood Family Wealth LLC Purchases Shares of 10,920 JPMorgan Ultra-Short Income ETF $JPST

Redwood Family Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, Holdings Channel reports. The fund purchased 10,920 shares of the company’s stock, valued at approximately $552,000.

A number of other large investors also recently modified their holdings of JPST. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $25,000. Jackson Hole Capital Partners LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $28,000. Sittner & Nelson LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $30,000. MGB Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $30,000. Finally, Motiv8 Investments LLC bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $32,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.50 on Friday. The firm has a market capitalization of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.41 and a twelve month high of $50.79. The stock’s 50 day moving average price is $50.52 and its two-hundred day moving average price is $50.59.

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.