JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Sherman Wealth Management LLC

Sherman Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 30.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,809 shares of the company’s stock after acquiring an additional 38,084 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 5.8% of Sherman Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. Sherman Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,201,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Adventist Health System Sunbelt Healthcare Corp lifted its position in JPMorgan Ultra-Short Income ETF by 215.9% in the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after purchasing an additional 1,921,600 shares during the period. John A. Wolfe & Associates Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $63,540,000. Fluent Financial LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 454.3% during the third quarter. Fluent Financial LLC now owns 1,217,803 shares of the company’s stock worth $61,341,000 after purchasing an additional 998,097 shares during the period. Kensington Asset Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 71.7% during the first quarter. Kensington Asset Management LLC now owns 1,994,639 shares of the company’s stock worth $100,949,000 after purchasing an additional 832,640 shares during the period. Finally, Axxcess Wealth Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 65.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,925,152 shares of the company’s stock valued at $97,393,000 after purchasing an additional 761,030 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.32 on Friday. The firm has a market cap of $42.44 billion, a PE ratio of 109.39 and a beta of 0.01. The firm’s 50 day moving average price is $50.39 and its two-hundred day moving average price is $50.46. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.20 and a twelve month 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.