Palumbo Wealth Management LLC Takes $20.86 Million Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Palumbo Wealth Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 414,088 shares of the company’s stock, valued at approximately $20,858,000. JPMorgan Ultra-Short Income ETF comprises approximately 7.8% of Palumbo Wealth Management LLC’s holdings, making the stock its 2nd biggest holding.

A number of other large investors have also recently made changes to their positions in the stock. Moloney Securities Asset Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.6% during the fourth quarter. Moloney Securities Asset Management LLC now owns 14,662 shares of the company’s stock valued at $739,000 after buying an additional 224 shares during the last quarter. Eastern Bank boosted its holdings in JPMorgan Ultra-Short Income ETF by 95.1% in the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 4.2% in the fourth quarter. SteelPeak Wealth LLC now owns 6,394 shares of the company’s stock valued at $323,000 after purchasing an additional 260 shares during the last quarter. Aspen Wealth Strategies LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 1.0% in the third quarter. Aspen Wealth Strategies LLC now owns 27,036 shares of the company’s stock valued at $1,372,000 after purchasing an additional 261 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in JPMorgan Ultra-Short Income ETF by 0.6% in the third quarter. Edgestream Partners L.P. now owns 47,521 shares of the company’s stock valued at $2,411,000 after purchasing an additional 262 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Stock Up 0.1 %

NYSEARCA:JPST opened at $50.50 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.75. The firm’s fifty day moving average is $50.48 and its two-hundred day moving average is $50.52.

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.