Belpointe Asset Management LLC Increases Stock Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Belpointe Asset Management LLC increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 46.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,739 shares of the company’s stock after buying an additional 4,033 shares during the period. Belpointe Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $645,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. CreativeOne Wealth LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 77.8% during the fourth quarter. CreativeOne Wealth LLC now owns 10,767 shares of the company’s stock valued at $542,000 after acquiring an additional 4,713 shares in the last quarter. Cahaba Wealth Management Inc. grew its stake in JPMorgan Ultra-Short Income ETF by 6.1% during the 4th quarter. Cahaba Wealth Management Inc. now owns 320,891 shares of the company’s stock valued at $16,163,000 after purchasing an additional 18,324 shares in the last quarter. Mariner LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 6.5% during the 4th quarter. Mariner LLC now owns 522,832 shares of the company’s stock worth $26,335,000 after purchasing an additional 32,132 shares during the last quarter. Trustmark National Bank Trust Department raised its position in shares of JPMorgan Ultra-Short Income ETF by 40.6% in the 4th quarter. Trustmark National Bank Trust Department now owns 701,224 shares of the company’s stock valued at $35,321,000 after purchasing an additional 202,548 shares in the last quarter. Finally, Entruity Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $969,000.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.46 on Wednesday. The firm has a 50 day simple moving average of $50.51 and a 200-day simple moving average of $50.50. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.20 and a twelve month 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.