HB Wealth Management LLC Boosts Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

HB Wealth Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,550,931 shares of the company’s stock after buying an additional 107,822 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 3.1% of HB Wealth Management LLC’s holdings, making the stock its 6th biggest holding. HB Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $480,897,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in JPST. Mezzasalma Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 70.9% in the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after buying an additional 33,446 shares during the last quarter. Webster Bank N. A. increased its position in JPMorgan Ultra-Short Income ETF by 27.0% during the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock valued at $5,430,000 after acquiring an additional 22,815 shares during the last quarter. Buck Wealth Strategies LLC increased its position in JPMorgan Ultra-Short Income ETF by 7.3% during the fourth quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock valued at $14,367,000 after acquiring an additional 19,402 shares during the last quarter. Greenberg Financial Group purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $1,544,000. Finally, Optima Capital LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $3,485,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.42 on Friday. The firm has a 50-day moving average price of $50.51 and a 200-day moving average price of $50.59. The firm has a market capitalization of $39.17 billion, a PE ratio of 109.61 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.39 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.