Weatherly Asset Management L. P. Boosts Stake in JPMorgan Ultra-Short Income ETF $JPST

Weatherly Asset Management L. P. boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 525,345 shares of the company’s stock after purchasing an additional 14,208 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 2.2% of Weatherly Asset Management L. P.’s holdings, making the stock its 10th largest holding. Weatherly Asset Management L. P.’s holdings in JPMorgan Ultra-Short Income ETF were worth $26,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Cardiff Park Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Jackson Hole Capital Partners LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $28,000. MGB Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth about $30,000. Sittner & Nelson LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $30,000. Finally, Motiv8 Investments LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $32,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

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

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.