Modern Wealth Management LLC Takes $5.65 Million Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Modern Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 111,885 shares of the company’s stock, valued at approximately $5,645,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPST. Private Trust Co. NA grew its position in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the third quarter. Private Trust Co. NA now owns 21,106 shares of the company’s stock worth $1,071,000 after acquiring an additional 294 shares during the last quarter. Bank of Montreal Can boosted its stake in JPMorgan Ultra-Short Income ETF by 82.3% during the 3rd quarter. Bank of Montreal Can now owns 205,551 shares of the company’s stock valued at $10,430,000 after purchasing an additional 92,775 shares during the period. D.A. Davidson & CO. grew its position in JPMorgan Ultra-Short Income ETF by 108.4% in the 3rd quarter. D.A. Davidson & CO. now owns 189,085 shares of the company’s stock worth $9,594,000 after purchasing an additional 98,352 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of JPMorgan Ultra-Short Income ETF by 41.2% in the third quarter. BNP Paribas Financial Markets now owns 784,410 shares of the company’s stock valued at $39,801,000 after purchasing an additional 228,981 shares during the period. Finally, Townsquare Capital LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.0% during the third quarter. Townsquare Capital LLC now owns 2,399,169 shares of the company’s stock valued at $121,734,000 after buying an additional 24,874 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.56 on Tuesday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.20 and a 12-month high of $50.75. The business has a 50 day simple moving average of $50.52 and a 200 day simple moving average of $50.52.

About JPMorgan Ultra-Short Income ETF

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.