JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) is White Wing Wealth Management’s 2nd Largest Position

White Wing Wealth Management raised its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 308,716 shares of the company’s stock after buying an additional 1,468 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 12.1% of White Wing Wealth Management’s holdings, making the stock its 2nd largest holding. White Wing Wealth Management owned about 0.07% of JPMorgan Ultra-Short Income ETF worth $15,664,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $93,574,000. Regal Investment Advisors LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 11.1% during the 4th quarter. Regal Investment Advisors LLC now owns 13,431 shares of the company’s stock worth $675,000 after purchasing an additional 1,338 shares during the last quarter. Cresset Asset Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 8.2% during the 4th quarter. Cresset Asset Management LLC now owns 528,606 shares of the company’s stock valued at $26,677,000 after buying an additional 40,043 shares during the last quarter. Vista Investment Management increased its position in JPMorgan Ultra-Short Income ETF by 5.5% during the fourth quarter. Vista Investment Management now owns 25,852 shares of the company’s stock worth $1,299,000 after buying an additional 1,344 shares in the last quarter. Finally, ADAR1 Capital Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth $2,461,000.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.49 on Tuesday. The firm has a 50 day simple moving average of $50.58 and a 200-day simple moving average of $50.45. JPMorgan Ultra-Short Income ETF has a 1-year low of $49.97 and a 1-year high of $50.75.

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.