JPMorgan Ultra-Short Income ETF $JPST Shares Acquired by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 15.5% during the third quarter, HoldingsChannel.com reports. The firm owned 742,812 shares of the company’s stock after purchasing an additional 99,748 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $37,415,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. HB Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 5.4% during the 2nd quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock valued at $506,509,000 after buying an additional 514,497 shares in the last quarter. Royal Bank of Canada grew its stake in JPMorgan Ultra-Short Income ETF by 11.1% in the 1st quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock valued at $271,917,000 after acquiring an additional 534,875 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in JPMorgan Ultra-Short Income ETF by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock worth $184,468,000 after acquiring an additional 245,314 shares in the last quarter. Cetera Investment Advisers increased its holdings in JPMorgan Ultra-Short Income ETF by 10.2% in the 1st quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock worth $170,925,000 after acquiring an additional 312,033 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp increased its holdings in JPMorgan Ultra-Short Income ETF by 215.9% in the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after acquiring an additional 1,921,600 shares in the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.26 on Tuesday. The company has a fifty day moving average of $50.37 and a two-hundred day moving average of $50.50. The stock has a market capitalization of $42.41 billion, a PE ratio of 109.26 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.79.

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.