Midwest Trust Co Invests $963,000 in JPMorgan Ultra-Short Income ETF $JPST

Midwest Trust Co purchased a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the first quarter, according to its most recent filing with the SEC. The firm purchased 19,032 shares of the company’s stock, valued at approximately $963,000.

A number of other institutional investors have also recently bought and sold shares of JPST. Mezzasalma Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 70.9% in the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after acquiring an additional 33,446 shares in the last quarter. Webster Bank N. A. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 27.0% during the 4th quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock valued at $5,430,000 after purchasing an additional 22,815 shares in the last quarter. Buck Wealth Strategies LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 7.3% in the 4th quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock valued at $14,367,000 after purchasing an additional 19,402 shares during the period. Optima Capital LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $3,485,000. Finally, Greenberg Financial Group acquired a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $1,544,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.47 on Wednesday. The firm has a market cap of $39.89 billion, a P/E ratio of 109.72 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.39 and a twelve month high of $50.79. The firm’s 50 day moving average price is $50.49 and its two-hundred day moving average price is $50.57.

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.