JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Shares Purchased by Lpwm LLC

Lpwm LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 73.2% in the first quarter, Holdings Channel reports. The institutional investor owned 318,829 shares of the company’s stock after acquiring an additional 134,762 shares during the period. JPMorgan Ultra-Short Income ETF makes up 5.2% of Lpwm LLC’s investment portfolio, making the stock its 4th largest holding. Lpwm LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $16,142,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. HUB Investment Partners LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 41.5% during the fourth quarter. HUB Investment Partners LLC now owns 40,210 shares of the company’s stock valued at $2,025,000 after buying an additional 11,794 shares during the last quarter. Essex LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.5% during the fourth quarter. Essex LLC now owns 230,834 shares of the company’s stock valued at $11,627,000 after buying an additional 12,054 shares during the last quarter. Delta Financial Group Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 265.1% during the fourth quarter. Delta Financial Group Inc. now owns 88,683 shares of the company’s stock valued at $4,467,000 after buying an additional 64,393 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 288.2% during the fourth quarter. Focus Partners Wealth now owns 539,112 shares of the company’s stock valued at $27,391,000 after buying an additional 400,239 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 485,808 shares of the company’s stock valued at $24,470,000 after buying an additional 29,299 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.45 on Friday. The company has a 50-day moving average price of $50.49 and a 200-day moving average price of $50.50. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.25 and a 1 year high of $50.75.

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.