WESPAC Advisors SoCal LLC Invests $2 Million in JPMorgan Ultra-Short Income ETF $JPST

WESPAC Advisors SoCal LLC purchased a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 39,450 shares of the company’s stock, valued at approximately $2,001,000.

Several other hedge funds have also added to or reduced their stakes in the business. Centurion Wealth Management LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 2.0% during the 2nd quarter. Centurion Wealth Management LLC now owns 10,160 shares of the company’s stock worth $515,000 after buying an additional 200 shares during the last quarter. Kathleen S. Wright Associates Inc. raised its holdings in JPMorgan Ultra-Short Income ETF by 2.3% in the 2nd quarter. Kathleen S. Wright Associates Inc. now owns 9,811 shares of the company’s stock valued at $497,000 after acquiring an additional 220 shares during the period. Sax Wealth Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 2.7% during the third quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock worth $421,000 after acquiring an additional 220 shares during the last quarter. Daner Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.1% during the third quarter. Daner Wealth Management LLC now owns 21,885 shares of the company’s stock worth $1,110,000 after acquiring an additional 236 shares during the period. Finally, Keel Point LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after acquiring an additional 239 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

Shares of NYSEARCA JPST opened at $50.62 on Monday. The business’s 50 day moving average is $50.67 and its 200-day moving average is $50.65. The firm has a market cap of $35.42 billion, a P/E ratio of 110.04 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.78.

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.