Evergreen Wealth Partners LLC Takes $2.48 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Evergreen Wealth Partners LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 48,923 shares of the company’s stock, valued at approximately $2,475,000. JPMorgan Ultra-Short Income ETF makes up about 2.1% of Evergreen Wealth Partners LLC’s investment portfolio, making the stock its 12th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $25,000. Rossmore Private Capital acquired a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $25,000. Jackson Hole Capital Partners LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $28,000. MGB Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $30,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $38,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.50 on Friday. The company’s fifty day moving average price is $50.53 and its 200 day moving average price is $50.62. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.42 and a 1 year high of $50.79. The stock has a market capitalization of $37.53 billion, a P/E ratio of 109.78 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.