Whalen Wealth Management Inc. Takes Position in JPMorgan Ultra-Short Income ETF $JPST

Whalen Wealth Management Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 44,576 shares of the company’s stock, valued at approximately $2,259,000. JPMorgan Ultra-Short Income ETF accounts for about 1.4% of Whalen Wealth Management Inc.’s portfolio, making the stock its 13th largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of JPST. Sunbelt Securities Inc. grew its position in shares of JPMorgan Ultra-Short Income ETF by 58.9% in the 1st quarter. Sunbelt Securities Inc. now owns 1,433 shares of the company’s stock valued at $73,000 after acquiring an additional 531 shares during the period. Golden State Wealth Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 13.4% in the 1st quarter. Golden State Wealth Management LLC now owns 44,377 shares of the company’s stock valued at $2,247,000 after acquiring an additional 5,235 shares during the period. Koshinski Asset Management Inc. grew its position in shares of JPMorgan Ultra-Short Income ETF by 27.4% in the 1st quarter. Koshinski Asset Management Inc. now owns 5,284 shares of the company’s stock valued at $268,000 after acquiring an additional 1,137 shares during the period. Keystone Financial Services LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 4.7% in the 1st quarter. Keystone Financial Services LLC now owns 66,433 shares of the company’s stock valued at $3,364,000 after acquiring an additional 3,011 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $149,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.77 on Wednesday. The firm has a 50-day moving average of $50.68 and a 200-day moving average of $50.59. The stock has a market cap of $34.29 billion, a PE ratio of 110.37 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.77.

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.