JPMorgan Ultra-Short Income ETF $JPST is Independent Wealth Network Inc.’s 3rd Largest Position

Independent Wealth Network Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 26.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,917 shares of the company’s stock after acquiring an additional 51,511 shares during the period. JPMorgan Ultra-Short Income ETF makes up 3.8% of Independent Wealth Network Inc.’s portfolio, making the stock its 3rd biggest position. Independent Wealth Network Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cottage Street Advisors LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 32.3% in the 1st quarter. Cottage Street Advisors LLC now owns 171,808 shares of the company’s stock valued at $8,695,000 after purchasing an additional 41,926 shares in the last quarter. Cardinal Strategic Wealth Guidance boosted its position in shares of JPMorgan Ultra-Short Income ETF by 7.4% in the first quarter. Cardinal Strategic Wealth Guidance now owns 147,437 shares of the company’s stock worth $7,462,000 after buying an additional 10,197 shares during the period. Financial Enhancement Group LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 4.8% in the first quarter. Financial Enhancement Group LLC now owns 181,797 shares of the company’s stock worth $9,192,000 after buying an additional 8,373 shares during the period. MBM Wealth Consultants LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 4.4% in the first quarter. MBM Wealth Consultants LLC now owns 481,467 shares of the company’s stock valued at $24,367,000 after buying an additional 20,451 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 33.2% during the 1st quarter. Blue Trust Inc. now owns 37,952 shares of the company’s stock valued at $1,921,000 after buying an additional 9,452 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

NYSEARCA JPST opened at $50.55 on Friday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79. The business has a 50 day moving average price of $50.52 and a two-hundred day moving average price of $50.59. The stock has a market cap of $37.57 billion, a PE ratio of 109.89 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.