JPMorgan Ultra-Short Income ETF $JPST Stock: Elmwood Wealth Management Inc. Boosts Stake

Elmwood Wealth Management Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 58.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 307,786 shares of the company’s stock after purchasing an additional 113,356 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 3.8% of Elmwood Wealth Management Inc.’s holdings, making the stock its biggest position. Elmwood Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,503,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rose Capital Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at about $543,000. Integrated Wealth Concepts LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 3.3% in the second quarter. Integrated Wealth Concepts LLC now owns 1,168,286 shares of the company’s stock worth $59,080,000 after purchasing an additional 37,846 shares during the last quarter. Worth Asset Management LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 81.2% in the third quarter. Worth Asset Management LLC now owns 187,616 shares of the company’s stock worth $9,450,000 after purchasing an additional 84,093 shares during the last quarter. Beacon Financial Advisory LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 14.0% in the second quarter. Beacon Financial Advisory LLC now owns 168,730 shares of the company’s stock worth $8,533,000 after buying an additional 20,732 shares in the last quarter. Finally, First Citizens Financial Corp lifted its position in shares of JPMorgan Ultra-Short Income ETF by 31.8% in the third quarter. First Citizens Financial Corp now owns 139,734 shares of the company’s stock worth $7,038,000 after buying an additional 33,723 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

JPMorgan Ultra-Short Income ETF stock traded down $0.01 during midday trading on Wednesday, reaching $50.30. 12,289,206 shares of the stock traded hands, compared to its average volume of 6,833,118. The stock’s fifty day moving average is $50.40 and its 200-day moving average is $50.46. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.79. The stock has a market cap of $42.43 billion, a P/E ratio of 109.35 and a beta of 0.01.

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.