Schwallier Wealth Management LLC Has $2.06 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

Schwallier Wealth Management LLC lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 60.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,527 shares of the company’s stock after selling 61,783 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 1.3% of Schwallier Wealth Management LLC’s portfolio, making the stock its 14th largest position. Schwallier Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,058,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in JPST. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after purchasing an additional 7,786,258 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 568.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock valued at $393,694,000 after purchasing an additional 6,617,940 shares during the last quarter. Temasek Holdings Private Ltd purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $300,296,000. Bank of America Corp DE grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after acquiring an additional 2,162,615 shares in the last quarter. Finally, Lido Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 1,017.1% in the fourth quarter. Lido Advisors LLC now owns 1,410,553 shares of the company’s stock valued at $71,377,000 after acquiring an additional 1,284,279 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

JPST stock opened at $50.41 on Friday. The firm has a market cap of $37.47 billion, a PE ratio of 109.59 and a beta of 0.01. The business has a 50 day moving average of $50.52 and a 200-day moving average of $50.61. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.41 and a 12-month high of $50.79.

About JPMorgan Ultra-Short Income ETF

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.