Strategic Wealth Advisors LLC Makes New Investment in JPMorgan Ultra-Short Income ETF $JPST

Strategic Wealth Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 89,892 shares of the company’s stock, valued at approximately $4,547,000. JPMorgan Ultra-Short Income ETF comprises about 3.9% of Strategic Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of JPST. Rossmore Private Capital purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth about $25,000. Cardiff Park Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth about $25,000. Jackson Hole Capital Partners LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $28,000. MGB Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth about $30,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $38,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.49 on Friday. The stock has a market capitalization of $37.53 billion, a price-to-earnings ratio of 109.76 and a beta of 0.01. The stock’s 50-day simple moving average is $50.55 and its two-hundred day simple moving average is $50.63. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.42 and a 52-week high of $50.79.

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.