JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Position Raised by REDW Wealth LLC

REDW Wealth LLC increased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 16.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 323,618 shares of the company’s stock after acquiring an additional 46,024 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 4.2% of REDW Wealth LLC’s investment portfolio, making the stock its 5th biggest position. REDW Wealth LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $16,420,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in shares of JPMorgan Ultra-Short Income ETF by 30.0% in the first quarter. JPMorgan Chase & Co. now owns 45,690,839 shares of the company’s stock worth $2,305,103,000 after buying an additional 10,546,138 shares in the last quarter. LPL Financial LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 13.5% during the second quarter. LPL Financial LLC now owns 10,382,964 shares of the company’s stock worth $524,028,000 after purchasing an additional 1,235,482 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 22.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,755,150 shares of the company’s stock worth $292,016,000 after purchasing an additional 1,053,392 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in JPMorgan Ultra-Short Income ETF by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 3,615,274 shares of the company’s stock worth $182,463,000 after purchasing an additional 14,611 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in JPMorgan Ultra-Short Income ETF by 31.0% during the second quarter. Cetera Investment Advisers now owns 2,345,160 shares of the company’s stock worth $118,360,000 after purchasing an additional 554,564 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.38 on Friday. The business has a 50-day moving average price of $50.59 and a two-hundred day moving average price of $50.47. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.02 and a 12-month high of $50.75.

JPMorgan Ultra-Short Income ETF Company 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.