Cornerstone Wealth Group LLC Makes New $934,000 Investment in JPMorgan Ultra-Short Income ETF $JPST

Cornerstone Wealth Group LLC bought a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,403 shares of the company’s stock, valued at approximately $934,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Millennium Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 23.0% during the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after buying an additional 46,400 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at $3,603,000. Diversified Trust Co acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $306,000. Park Avenue Securities LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth $1,123,000. Finally, U.S. Capital Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 8.7% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 12,511 shares of the company’s stock worth $634,000 after purchasing an additional 1,000 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

Shares of NYSEARCA:JPST opened at $50.71 on Thursday. The firm has a market cap of $36.15 billion, a P/E ratio of 110.24 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.78. The business has a fifty day simple moving average of $50.67 and a 200 day simple moving average of $50.65.

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.