JPMorgan Ultra-Short Income ETF $JPST Stake Raised by Legacy Wealth Management Inc

Legacy Wealth Management Inc raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,478,317 shares of the company’s stock after purchasing an additional 31,818 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 4.7% of Legacy Wealth Management Inc’s holdings, making the stock its 8th largest holding. Legacy Wealth Management Inc owned 0.23% of JPMorgan Ultra-Short Income ETF worth $74,921,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Centurion Wealth Management LLC raised its position in JPMorgan Ultra-Short Income ETF by 2.0% in the second quarter. Centurion Wealth Management LLC now owns 10,160 shares of the company’s stock valued at $515,000 after purchasing an additional 200 shares during the period. Floyd Financial Group LLC raised its position in JPMorgan Ultra-Short Income ETF by 0.3% in the first quarter. Floyd Financial Group LLC now owns 76,218 shares of the company’s stock valued at $3,859,000 after purchasing an additional 239 shares during the period. CWC Advisors LLC. raised its position in JPMorgan Ultra-Short Income ETF by 5.1% in the second quarter. CWC Advisors LLC. now owns 5,468 shares of the company’s stock valued at $277,000 after purchasing an additional 263 shares during the period. Lighthouse Wealth Management Inc. raised its position in JPMorgan Ultra-Short Income ETF by 2.4% in the first quarter. Lighthouse Wealth Management Inc. now owns 11,833 shares of the company’s stock valued at $599,000 after purchasing an additional 273 shares during the period. Finally, Apella Capital LLC raised its position in JPMorgan Ultra-Short Income ETF by 1.5% in the first quarter. Apella Capital LLC now owns 19,521 shares of the company’s stock valued at $983,000 after purchasing an additional 285 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.74 on Tuesday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.75. The company has a market capitalization of $32.40 billion, a P/E ratio of 110.30 and a beta of 0.03. The stock’s fifty day moving average is $50.65 and its two-hundred day moving average 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.