Adamsbrown Wealth Consultants LLC Purchases Shares of 4,498 JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Adamsbrown Wealth Consultants LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the second quarter, Holdings Channel.com reports. The fund bought 4,498 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gradient Investments LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 265.0% during the first quarter. Gradient Investments LLC now owns 511 shares of the company’s stock worth $26,000 after purchasing an additional 371 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $32,000. Sunbelt Securities Inc. acquired a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $38,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $39,000. Finally, Tanglewood Legacy Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $39,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.13 on Tuesday. JPMorgan Ultra-Short Income ETF has a 52-week low of $49.93 and a 52-week high of $50.40. The stock’s 50-day moving average price is $50.10 and its 200 day moving average price is $50.16.

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.