Focus Partners Wealth Buys 863,988 Shares of JPMorgan Ultra-Short Income ETF $JPST

Focus Partners Wealth increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 149.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,440,192 shares of the company’s stock after purchasing an additional 863,988 shares during the period. Focus Partners Wealth owned approximately 0.20% of JPMorgan Ultra-Short Income ETF worth $72,957,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of JPST. Mezzasalma Advisors LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 70.9% in the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock valued at $4,082,000 after buying an additional 33,446 shares in the last quarter. Webster Bank N. A. boosted its stake in JPMorgan Ultra-Short Income ETF by 27.0% in the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock valued at $5,430,000 after buying an additional 22,815 shares in the last quarter. Greenberg Financial Group acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $1,544,000. Buck Wealth Strategies LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 7.3% in the fourth quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock valued at $14,367,000 after buying an additional 19,402 shares in the last quarter. Finally, Optima Capital LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $3,485,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.49 on Monday. The stock’s 50-day simple moving average is $50.51 and its 200 day simple moving average is $50.60. The firm has a market capitalization of $37.53 billion, a PE ratio of 109.76 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.41 and a twelve 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.