GK Wealth Management LLC Takes Position in JPMorgan Ultra-Short Income ETF $JPST

GK Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 87,882 shares of the company’s stock, valued at approximately $4,444,000. JPMorgan Ultra-Short Income ETF accounts for about 2.3% of GK Wealth Management LLC’s holdings, making the stock its 7th largest holding.

A number of other hedge funds have also modified their holdings of the company. Millennium Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 23.0% during the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after acquiring an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth $3,603,000. EverSource Wealth Advisors LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 99.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after purchasing an additional 496 shares during the last quarter. First Trust Advisors LP bought a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at $203,000. Finally, Brown Advisory Inc. grew its position in JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after purchasing an additional 431 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPST stock opened at $50.42 on Wednesday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The firm’s fifty day moving average price is $50.48 and its two-hundred day moving average price is $50.55. The firm has a market capitalization of $40.32 billion, a P/E ratio of 109.61 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.