Northwestern Mutual Wealth Management Co. Has $25.11 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Northwestern Mutual Wealth Management Co. cut its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 90.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 496,279 shares of the company’s stock after selling 4,510,870 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.07% of JPMorgan Ultra-Short Income ETF worth $25,107,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPST. Millennium Management LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 23.0% in the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after acquiring an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $3,603,000. EverSource Wealth Advisors LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 99.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after purchasing an additional 496 shares during the last quarter. First Trust Advisors LP bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $203,000. Finally, Brown Advisory Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after purchasing an additional 431 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.49 on Wednesday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.42 and a 52-week high of $50.79. The business’s fifty day moving average is $50.53 and its 200-day moving average is $50.62. The firm has a market cap of $37.53 billion, a price-to-earnings ratio of 109.76 and a beta of 0.01.

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.