JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) is Elmwood Wealth Management Inc.’s 8th Largest Position

Elmwood Wealth Management Inc. cut its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 110,260 shares of the company’s stock after selling 7,148 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 2.3% of Elmwood Wealth Management Inc.’s holdings, making the stock its 8th biggest position. Elmwood Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,582,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JPST. JPMorgan Chase & Co. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 32.6% during the 4th quarter. JPMorgan Chase & Co. now owns 97,516,324 shares of the company’s stock valued at $4,911,897,000 after buying an additional 23,971,471 shares in the last quarter. Bank of America Corp DE raised its holdings in JPMorgan Ultra-Short Income ETF by 5.5% during the 4th quarter. Bank of America Corp DE now owns 14,427,628 shares of the company’s stock valued at $726,720,000 after acquiring an additional 746,626 shares during the period. LPL Financial LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 13.6% during the fourth quarter. LPL Financial LLC now owns 12,694,776 shares of the company’s stock worth $639,436,000 after acquiring an additional 1,522,758 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 3.3% in the fourth quarter. Wells Fargo & Company MN now owns 7,130,097 shares of the company’s stock worth $359,143,000 after acquiring an additional 224,833 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 10.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,588,353 shares of the company’s stock valued at $282,938,000 after purchasing an additional 506,315 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.49 on Thursday. The business’s fifty day moving average is $50.53 and its 200 day moving average is $50.51. The firm has a market cap of $31.75 billion, a price-to-earnings ratio of 109.76 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.29 and a 52-week high of $50.75.

JPMorgan Ultra-Short Income ETF Company 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.