Geneos Wealth Management Inc. Has $6.34 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

Geneos Wealth Management Inc. raised its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 32.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,132 shares of the company’s stock after acquiring an additional 30,854 shares during the quarter. Geneos Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,342,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Strategent Financial LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the second quarter. Strategent Financial LLC now owns 349,122 shares of the company’s stock valued at $17,694,000 after acquiring an additional 4,657 shares in the last quarter. Hershey Financial Advisers LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $3,946,000. San Luis Wealth Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 36.1% in the 2nd quarter. San Luis Wealth Advisors LLC now owns 674,498 shares of the company’s stock valued at $34,184,000 after purchasing an additional 179,002 shares during the period. Tiemann Investment Advisors LLC increased its stake in JPMorgan Ultra-Short Income ETF by 9.3% during the 1st quarter. Tiemann Investment Advisors LLC now owns 135,537 shares of the company’s stock valued at $6,862,000 after purchasing an additional 11,570 shares in the last quarter. Finally, Clear Point Advisors Inc. raised its holdings in JPMorgan Ultra-Short Income ETF by 3.1% during the second quarter. Clear Point Advisors Inc. now owns 64,613 shares of the company’s stock worth $3,275,000 after buying an additional 1,920 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.64 on Monday. The firm has a market capitalization of $34.20 billion, a price-to-earnings ratio of 110.09 and a beta of 0.01. The firm’s fifty day moving average price is $50.67 and its two-hundred day moving average price is $50.63. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.78.

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.