BKA Wealth Consulting Inc. Purchases 27,085 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

BKA Wealth Consulting Inc. raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 58.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 73,188 shares of the company’s stock after acquiring an additional 27,085 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 1.5% of BKA Wealth Consulting Inc.’s holdings, making the stock its 20th largest holding. BKA Wealth Consulting Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,679,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. TMD Wealth Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 227.6% in the 1st quarter. TMD Wealth Management LLC now owns 837,581 shares of the company’s stock valued at $42,147,000 after acquiring an additional 581,948 shares in the last quarter. Sheets Smith Wealth Management lifted its position in JPMorgan Ultra-Short Income ETF by 24.1% during the 1st quarter. Sheets Smith Wealth Management now owns 57,448 shares of the company’s stock worth $2,891,000 after acquiring an additional 11,156 shares during the period. Capital Advisors Wealth Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 76.3% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 256,194 shares of the company’s stock worth $12,892,000 after acquiring an additional 110,872 shares during the period. Westside Investment Management Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF by 68.8% in the 1st quarter. Westside Investment Management Inc. now owns 65,400 shares of the company’s stock valued at $3,291,000 after purchasing an additional 26,665 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its holdings in JPMorgan Ultra-Short Income ETF by 283.7% in the 4th quarter. Financial Advocates Investment Management now owns 232,310 shares of the company’s stock valued at $11,646,000 after purchasing an additional 171,762 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST traded up $0.01 during mid-day trading on Wednesday, hitting $50.09. 847,839 shares of the company’s stock traded hands, compared to its average volume of 4,736,604. The firm’s 50 day simple moving average is $50.10 and its 200 day simple moving average is $50.16. JPMorgan Ultra-Short Income ETF has a 1 year low of $49.93 and a 1 year high of $50.40.

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.