SkyOak Wealth LLC Has $29.40 Million Position in JPMorgan Ultra-Short Income ETF $JPST

SkyOak Wealth LLC raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.8% during the second quarter, Holdings Channel reports. The firm owned 581,430 shares of the company’s stock after purchasing an additional 31,824 shares during the period. JPMorgan Ultra-Short Income ETF comprises 4.8% of SkyOak Wealth LLC’s portfolio, making the stock its 2nd largest holding. SkyOak Wealth LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $29,403,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of JPST. Nicholson Meyer Capital Management Inc. increased its position in shares of 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 worth $1,128,000 after buying an additional 202 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 2.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock valued at $434,000 after buying an additional 221 shares during the period. Whipplewood Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 1.2% during the first quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after acquiring an additional 227 shares during the last quarter. Vista Cima Wealth Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 0.7% during the second quarter. Vista Cima Wealth Management LLC now owns 34,917 shares of the company’s stock valued at $1,766,000 after acquiring an additional 239 shares during the last quarter. Finally, Keel Point LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after acquiring an additional 239 shares during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Trading Down 0.4%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.36 on Wednesday. The business has a 50-day moving average price of $50.49 and a two-hundred day moving average price of $50.53. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.35 and a 1-year high of $50.79. The company has a market cap of $40.27 billion, a P/E ratio of 109.48 and a beta of 0.01.

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.