Destiny Wealth Partners LLC Makes New $228,000 Investment in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Destiny Wealth Partners LLC bought a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,533 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds also recently made changes to their positions in JPST. New Wave Wealth Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $25,000. Eastern Bank grew its position in JPMorgan Ultra-Short Income ETF by 95.1% during the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock worth $26,000 after buying an additional 250 shares in the last quarter. Kennebec Savings Bank acquired a new stake in JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $27,000. Sound Income Strategies LLC grew its position in JPMorgan Ultra-Short Income ETF by 82.2% during the fourth quarter. Sound Income Strategies LLC now owns 749 shares of the company’s stock worth $38,000 after buying an additional 338 shares in the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $50,000.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.60 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 year high of $50.75. The business’s 50 day simple moving average is $50.49 and its 200 day simple moving average is $50.52.

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.