REDW Wealth LLC Has $16.42 Million Stock Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

REDW Wealth LLC increased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 16.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,618 shares of the company’s stock after acquiring an additional 46,024 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 4.2% of REDW Wealth LLC’s portfolio, making the stock its 5th biggest holding. REDW Wealth LLC owned about 0.07% of JPMorgan Ultra-Short Income ETF worth $16,420,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Whittier Trust Co. grew its holdings in JPMorgan Ultra-Short Income ETF by 29.5% during the third quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock valued at $66,000 after purchasing an additional 295 shares during the period. Concourse Financial Group Securities Inc. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 16.0% during the first quarter. Concourse Financial Group Securities Inc. now owns 8,524 shares of the company’s stock worth $430,000 after acquiring an additional 1,178 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 33.4% during the first quarter. Oppenheimer & Co. Inc. now owns 81,809 shares of the company’s stock worth $4,127,000 after acquiring an additional 20,492 shares in the last quarter. Brookstone Capital Management lifted its position in shares of JPMorgan Ultra-Short Income ETF by 14.7% during the second quarter. Brookstone Capital Management now owns 26,243 shares of the company’s stock worth $1,324,000 after acquiring an additional 3,354 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 18.5% during the second quarter. First Horizon Advisors Inc. now owns 3,200 shares of the company’s stock worth $162,000 after acquiring an additional 500 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.38 on Friday. The stock’s fifty day moving average price is $50.59 and its two-hundred day moving average price is $50.47. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.02 and a 1 year high of $50.75.

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.