Tenet Wealth Partners LLC Makes New $1.39 Million Investment in JPMorgan Ultra-Short Income ETF $JPST

Tenet Wealth Partners LLC bought a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 27,504 shares of the company’s stock, valued at approximately $1,385,000. JPMorgan Ultra-Short Income ETF accounts for about 1.0% of Tenet Wealth Partners LLC’s investment portfolio, making the stock its 20th biggest holding.

Other hedge funds have also bought and sold shares of the company. Rose Capital Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $543,000. Integrated Wealth Concepts LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 3.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,168,286 shares of the company’s stock worth $59,080,000 after acquiring an additional 37,846 shares during the period. Worth Asset Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 81.2% during the 3rd quarter. Worth Asset Management LLC now owns 187,616 shares of the company’s stock worth $9,450,000 after acquiring an additional 84,093 shares during the period. Requisite Capital Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 29.4% during the 2nd quarter. Requisite Capital Management LLC now owns 612,480 shares of the company’s stock worth $30,973,000 after acquiring an additional 139,271 shares during the period. Finally, Beacon Financial Advisory LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 14.0% during the 2nd quarter. Beacon Financial Advisory LLC now owns 168,730 shares of the company’s stock worth $8,533,000 after acquiring an additional 20,732 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock remained flat at $50.34 during mid-day trading on Monday. The company’s stock had a trading volume of 8,291,989 shares, compared to its average volume of 6,854,753. The company has a fifty day moving average of $50.39 and a 200 day moving average of $50.46. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.79. The stock has a market capitalization of $42.52 billion, a PE ratio of 109.43 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.