Choice Wealth Advisors LLC Boosts Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Choice Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 183,532 shares of the company’s stock after buying an additional 4,107 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 5.6% of Choice Wealth Advisors LLC’s holdings, making the stock its 7th biggest holding. Choice Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,259,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 39.9% during the third quarter. JPMorgan Chase & Co. now owns 17,993,049 shares of the company’s stock worth $902,891,000 after purchasing an additional 5,127,429 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF by 29.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,457,071 shares of the company’s stock valued at $675,949,000 after buying an additional 3,081,352 shares during the period. Goldman Sachs Group Inc. acquired a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $93,574,000. Wealth Enhancement Advisory Services LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 37.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,833,237 shares of the company’s stock valued at $243,837,000 after buying an additional 1,317,710 shares during the period. Finally, Sollinda Capital Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $40,809,000.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock traded down $0.22 during midday trading on Monday, hitting $50.25. The stock had a trading volume of 4,565,187 shares, compared to its average volume of 3,798,970. JPMorgan Ultra-Short Income ETF has a 1-year low of $49.93 and a 1-year high of $50.51. The business has a fifty day moving average price of $50.38 and a two-hundred day moving average price of $50.35.

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.