Capstone Wealth Management Inc. Purchases New Position in JPMorgan Ultra-Short Income ETF $JPST

Capstone Wealth Management Inc. acquired a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,108 shares of the company’s stock, valued at approximately $1,473,000. JPMorgan Ultra-Short Income ETF makes up about 1.3% of Capstone Wealth Management Inc.’s investment portfolio, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after purchasing an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $3,603,000. EverSource Wealth Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 99.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after purchasing an additional 496 shares in the last quarter. First Trust Advisors LP purchased a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $203,000. Finally, Brown Advisory Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after purchasing an additional 431 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

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