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

Modern Wealth Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 111,885 shares of the company’s stock, valued at approximately $5,645,000.

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

JPMorgan Ultra-Short Income ETF Trading Down 0.1 %

NYSEARCA JPST 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 company’s 50 day simple moving average is $50.52 and its 200 day simple moving average is $50.52.

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.