JPMorgan Ultra-Short Income ETF $JPST Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 308,914 shares of the company’s stock after buying an additional 25,061 shares during the period. Apollon Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $25,000. Jackson Hole Capital Partners LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $28,000. Sittner & Nelson LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $30,000. Motiv8 Investments LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.57 on Monday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79. The firm has a market capitalization of $37.59 billion, a price-to-earnings ratio of 109.93 and a beta of 0.01. The stock’s fifty day moving average is $50.52 and its two-hundred day 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.