Howe & Rusling Inc. purchased a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 524 shares of the company’s stock, valued at approximately $26,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 32.6% in the 4th quarter. JPMorgan Chase & Co. now owns 97,516,324 shares of the company’s stock valued at $4,911,897,000 after purchasing an additional 23,971,471 shares during the period. LPL Financial LLC grew its position in JPMorgan Ultra-Short Income ETF by 13.6% in the fourth quarter. LPL Financial LLC now owns 12,694,776 shares of the company’s stock valued at $639,436,000 after acquiring an additional 1,522,758 shares during the period. HB Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 11.2% during the fourth quarter. HB Wealth Management LLC now owns 8,316,836 shares of the company’s stock worth $416,590,000 after acquiring an additional 838,189 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,858,342 shares of the company’s stock valued at $297,252,000 after acquiring an additional 103,192 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $173,884,000.
JPMorgan Ultra-Short Income ETF Stock Up 0.1 %
JPST opened at $50.62 on Friday. The firm’s 50-day simple moving average is $50.53 and its 200-day simple moving average is $50.52. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.20 and a twelve month 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.
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