Bauman Advisory Group LLC Takes Position in JPMorgan Ultra-Short Income ETF $JPST

Bauman Advisory Group LLC purchased a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 89,932 shares of the company’s stock, valued at approximately $4,550,000. JPMorgan Ultra-Short Income ETF makes up about 3.7% of Bauman Advisory Group LLC’s portfolio, making the stock its 8th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TMB Capital Partners LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $227,000. Axxcess Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 65.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,925,152 shares of the company’s stock valued at $97,393,000 after purchasing an additional 761,030 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 340.6% in the fourth quarter. Corient Private Wealth LLC now owns 469,363 shares of the company’s stock valued at $23,745,000 after purchasing an additional 362,846 shares in the last quarter. Plotkin Financial Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 11.7% in the fourth quarter. Plotkin Financial Advisors LLC now owns 129,543 shares of the company’s stock worth $6,554,000 after buying an additional 13,575 shares during the period. Finally, Strive Financial Group LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth $53,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPST stock opened at $50.50 on Friday. The company has a market capitalization of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 and a 1-year high of $50.79. The stock’s fifty day simple moving average is $50.52 and its 200-day simple moving average is $50.59.

JPMorgan Ultra-Short Income ETF 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.