OakTrust Wealth Advisors LLC Invests $5.50 Million in JPMorgan Ultra-Short Income ETF $JPST

OakTrust Wealth Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 108,702 shares of the company’s stock, valued at approximately $5,499,000. JPMorgan Ultra-Short Income ETF makes up about 5.1% of OakTrust Wealth Advisors LLC’s portfolio, making the stock its 6th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JPST. Cardiff Park Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $25,000. Jackson Hole Capital Partners LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $28,000. MGB Wealth Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at approximately $30,000. Sittner & Nelson LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $30,000. Finally, Motiv8 Investments LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of NYSEARCA:JPST opened at $50.50 on Friday. The company has a fifty day simple moving average of $50.52 and a 200 day simple moving average of $50.59. The firm has a market cap of $37.53 billion, a PE ratio of 109.78 and a beta of 0.01. 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.