JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) is Meridian Financial Partners LLC’s 2nd Largest Position

Meridian Financial Partners LLC increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 272,027 shares of the company’s stock after purchasing an additional 4,721 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 17.5% of Meridian Financial Partners LLC’s portfolio, making the stock its 2nd largest position. Meridian Financial Partners LLC owned 0.06% of JPMorgan Ultra-Short Income ETF worth $13,688,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mine & Arao Wealth Creation & Management LLC. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $30,000. Mendota Financial Group LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $34,000. Cooksen Wealth LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $36,000. Tucker Asset Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 75.7% during the 4th quarter. Tucker Asset Management LLC now owns 736 shares of the company’s stock valued at $37,000 after purchasing an additional 317 shares in the last quarter. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $45,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST traded up $0.01 during trading hours on Friday, hitting $50.47. 3,496,206 shares of the company’s stock traded hands, compared to its average volume of 3,792,715. JPMorgan Ultra-Short Income ETF has a 52 week low of $49.93 and a 52 week high of $50.51. The company’s fifty day simple moving average is $50.38 and its two-hundred day simple moving average is $50.35.

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.