New Insight Wealth Advisors Makes New $582,000 Investment in JPMorgan Ultra-Short Income ETF $JPST

New Insight Wealth Advisors purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,482 shares of the company’s stock, valued at approximately $582,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JPST. Millennium Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after buying an additional 46,400 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $3,603,000. Diversified Trust Co purchased a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $306,000. Essex Savings Bank boosted its stake in JPMorgan Ultra-Short Income ETF by 16.8% during the second quarter. Essex Savings Bank now owns 37,036 shares of the company’s stock worth $1,877,000 after acquiring an additional 5,340 shares in the last quarter. Finally, LongView Wealth Management bought a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth about $239,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.67 on Friday. The firm has a 50 day moving average price of $50.66 and a 200-day moving average price of $50.65. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78. The firm has a market capitalization of $35.95 billion, a price-to-earnings ratio of 110.15 and a beta of 0.01.

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.