Wavvest Wealth LLC Purchases 103,982 Shares of JPMorgan Ultra-Short Income ETF $JPST

Wavvest Wealth LLC acquired a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the third quarter, according to its most recent filing with the SEC. The firm acquired 103,982 shares of the company’s stock, valued at approximately $5,238,000. JPMorgan Ultra-Short Income ETF comprises about 4.1% of Wavvest Wealth LLC’s holdings, making the stock its 4th largest position.

Several other institutional investors also recently bought and sold shares of JPST. Strengthening Families & Communities LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $28,000. Beacon Financial Strategies CORP acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $34,000. Allied Private Wealth LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $38,000. Rice Partnership LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 327.5% in the first quarter. Rice Partnership LLC now owns 855 shares of the company’s stock valued at $43,000 after acquiring an additional 655 shares in the last quarter. Finally, Abound Wealth Management boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1,963.3% in the second quarter. Abound Wealth Management now owns 1,011 shares of the company’s stock valued at $51,000 after acquiring an additional 962 shares in the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.35 on Thursday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.79. The firm’s 50-day simple moving average is $50.39 and its 200-day simple moving average is $50.46. The company has a market cap of $42.53 billion, a price-to-earnings ratio of 109.46 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.