21,731 Shares in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Acquired by Able Wealth Management LLC

Able Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,731 shares of the company’s stock, valued at approximately $1,092,000. JPMorgan Ultra-Short Income ETF makes up approximately 1.0% of Able Wealth Management LLC’s portfolio, making the stock its 22nd largest position.

A number of other hedge funds have also recently added to or reduced their stakes in JPST. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 39.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,993,049 shares of the company’s stock worth $902,891,000 after purchasing an additional 5,127,429 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 29.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,457,071 shares of the company’s stock valued at $675,949,000 after buying an additional 3,081,352 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $93,574,000. Sollinda Capital Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $40,809,000. Finally, International Assets Investment Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 307.9% in the 4th quarter. International Assets Investment Management LLC now owns 983,521 shares of the company’s stock worth $49,402,000 after acquiring an additional 742,399 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock traded up $0.01 during mid-day trading on Friday, reaching $50.40. 2,966,042 shares of the company traded hands, compared to its average volume of 3,765,844. The firm’s 50 day moving average price is $50.35 and its 200 day moving average price is $50.34. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $49.93 and a fifty-two week high of $50.51.

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.