Elevatus Welath Management Acquires 21,824 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Elevatus Welath Management increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 84.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 47,801 shares of the company’s stock after purchasing an additional 21,824 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 0.8% of Elevatus Welath Management’s holdings, making the stock its 22nd biggest position. Elevatus Welath Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $25,000. Eastern Bank lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 95.1% in the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the period. Howe & Rusling Inc. bought a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $26,000. Maryland Capital Advisors Inc. acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $31,000. Finally, Cyrus J. Lawrence LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $31,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.49 on Friday. The business has a 50-day moving average of $50.51 and a two-hundred day moving average of $50.50. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 year high of $50.75.

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.