VCI Wealth Management LLC Acquires 31,181 Shares of JPMorgan Ultra-Short Income ETF $JPST

VCI Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 261,966 shares of the company’s stock after buying an additional 31,181 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 4.6% of VCI Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. VCI Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JPST. Chelsea Counsel Co. purchased a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at approximately $25,000. Pandora Wealth Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $34,000. Cooksen Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth approximately $36,000. Frazier Financial Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $41,000. Finally, TD Private Client Wealth LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $48,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.73 on Tuesday. The stock has a market capitalization of $34.21 billion, a P/E ratio of 110.28 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.76. The company’s fifty day moving average is $50.67 and its two-hundred day moving average is $50.58.

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.