Econ Financial Services Corp Takes $8.67 Million Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Econ Financial Services Corp purchased a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 171,869 shares of the company’s stock, valued at approximately $8,671,000. JPMorgan Ultra-Short Income ETF comprises approximately 5.4% of Econ Financial Services Corp’s investment portfolio, making the stock its 2nd largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mine & Arao Wealth Creation & Management LLC. bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth $30,000. First Pacific Financial grew its position in JPMorgan Ultra-Short Income ETF by 1,093.9% during the 1st quarter. First Pacific Financial now owns 585 shares of the company’s stock worth $30,000 after acquiring an additional 536 shares during the last quarter. LRI Investments LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth $30,000. Mendota Financial Group LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth $34,000. Finally, Cooksen Wealth LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth $36,000.

JPMorgan Ultra-Short Income ETF Stock Up 0.0 %

JPST traded up $0.01 during midday trading on Monday, hitting $50.57. 3,481,721 shares of the company were exchanged, compared to its average volume of 3,754,530. JPMorgan Ultra-Short Income ETF has a 1-year low of $49.96 and a 1-year high of $50.64. The firm’s 50 day moving average price is $50.41 and its 200-day moving average price is $50.37.

JPMorgan Ultra-Short Income ETF Company 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.