MML Investors Services LLC boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 24.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,175,006 shares of the company’s stock after buying an additional 231,811 shares during the quarter. MML Investors Services LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $59,185,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in JPST. New Wave Wealth Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $25,000. Eastern Bank increased its stake in shares of JPMorgan Ultra-Short Income ETF by 95.1% during the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares in the last quarter. Howe & Rusling Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $26,000. Maryland Capital Advisors Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $31,000. Finally, Cyrus J. Lawrence LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $31,000.
JPMorgan Ultra-Short Income ETF Price Performance
JPST stock opened at $50.49 on Friday. The business has a 50 day moving average of $50.51 and a 200 day 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.
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