SVB Wealth LLC Makes New $3.85 Million Investment in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

SVB Wealth LLC purchased a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 76,420 shares of the company’s stock, valued at approximately $3,849,000.

A number of other hedge funds also recently modified their holdings of JPST. Pinnacle Associates Ltd. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 87.9% during the third quarter. Pinnacle Associates Ltd. now owns 8,098 shares of the company’s stock worth $407,000 after acquiring an additional 3,788 shares during the period. US Bancorp DE raised its stake in shares of JPMorgan Ultra-Short Income ETF by 5.6% in the 3rd quarter. US Bancorp DE now owns 18,722 shares of the company’s stock valued at $950,000 after purchasing an additional 997 shares during the period. Principal Securities Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 6.5% in the third quarter. Principal Securities Inc. now owns 62,328 shares of the company’s stock valued at $3,163,000 after purchasing an additional 3,819 shares in the last quarter. Weatherly Asset Management L. P. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 1.5% during the third quarter. Weatherly Asset Management L. P. now owns 430,572 shares of the company’s stock worth $21,847,000 after buying an additional 6,493 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.6% during the third quarter. Chicago Partners Investment Group LLC now owns 104,480 shares of the company’s stock worth $5,284,000 after buying an additional 5,584 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.66 on Friday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 week high of $50.75. The stock’s 50 day moving average price is $50.49 and its two-hundred day moving average price is $50.53.

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.