VanWeelden Wealth Management LLC Purchases New Position in JPMorgan Ultra-Short Income ETF $JPST

VanWeelden Wealth Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 186,852 shares of the company’s stock, valued at approximately $9,453,000. JPMorgan Ultra-Short Income ETF accounts for about 7.4% of VanWeelden Wealth Management LLC’s holdings, making the stock its 7th largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Composition Wealth LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 3.6% in the fourth quarter. Composition Wealth LLC now owns 309,688 shares of the company’s stock valued at $15,667,000 after acquiring an additional 10,642 shares during the period. Essex Bank raised its position in JPMorgan Ultra-Short Income ETF by 9.6% in the 4th quarter. Essex Bank now owns 40,448 shares of the company’s stock worth $2,046,000 after purchasing an additional 3,540 shares during the period. Madrid Wealth Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $3,381,000. Fifth Third Bancorp grew its stake in shares of JPMorgan Ultra-Short Income ETF by 22.0% during the fourth quarter. Fifth Third Bancorp now owns 1,685,583 shares of the company’s stock valued at $85,274,000 after buying an additional 304,040 shares during the last quarter. Finally, Mutual Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 3.1% during 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 during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.45 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 company has a market cap of $37.50 billion, a price-to-earnings ratio of 109.67 and a beta of 0.01. The business’s 50 day moving average price is $50.57 and its 200-day moving average price is $50.64.

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.