JPMorgan Ultra-Short Income ETF $JPST is Axxcess Wealth Management LLC’s 3rd Largest Position

Axxcess Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 20.5% during the first quarter, HoldingsChannel.com reports. The firm owned 2,320,042 shares of the company’s stock after purchasing an additional 394,890 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 3.8% of Axxcess Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. Axxcess Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $117,417,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nicholson Meyer Capital Management Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 0.9% during the first quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after buying an additional 202 shares during the last quarter. Lakeridge Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 4.5% in the fourth quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock worth $241,000 after acquiring an additional 206 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock valued at $434,000 after acquiring an additional 221 shares in the last quarter. Lantern Wealth Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.0% during the third quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock valued at $240,000 after acquiring an additional 226 shares in the last quarter. Finally, Keel Point LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 1.4% in the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after purchasing an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.43 on Wednesday. The stock has a market cap of $39.27 billion, a price-to-earnings ratio of 109.63 and a beta of 0.01. The firm’s 50-day moving average is $50.50 and its 200 day moving average is $50.58. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year 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.