First Citizens Financial Corp Raises Stock Position in JPMorgan Ultra-Short Income ETF $JPST

First Citizens Financial Corp grew its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 31.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,734 shares of the company’s stock after buying an additional 33,723 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 3.0% of First Citizens Financial Corp’s investment portfolio, making the stock its 5th biggest position. First Citizens Financial Corp’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,038,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Montecito Bank & Trust lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 64.6% in the 3rd quarter. Montecito Bank & Trust now owns 11,513 shares of the company’s stock valued at $580,000 after acquiring an additional 4,520 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $312,000. Anchor Investment Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 5.4% in the 2nd quarter. Anchor Investment Management LLC now owns 183,523 shares of the company’s stock worth $9,281,000 after purchasing an additional 9,452 shares during the period. Cherry Tree Wealth Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 13.1% in the second quarter. Cherry Tree Wealth Management LLC now owns 43,025 shares of the company’s stock valued at $2,176,000 after purchasing an additional 4,984 shares during the last quarter. Finally, MCF Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 1,036.7% in the second quarter. MCF Advisors LLC now owns 101,248 shares of the company’s stock valued at $5,120,000 after purchasing an additional 92,341 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPST traded up $0.01 during trading on Friday, hitting $50.23. 8,117,147 shares of the stock traded hands, compared to its average volume of 6,809,036. The firm has a market capitalization of $41.68 billion, a P/E ratio of 109.20 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.20 and a 12-month high of $50.79. The firm has a 50-day moving average of $50.43 and a 200 day moving average of $50.48.

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.