Floyd Financial Group LLC Acquires New Shares in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Floyd Financial Group LLC bought a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, HoldingsChannel.com reports. The fund bought 75,979 shares of the company’s stock, valued at approximately $3,831,000. JPMorgan Ultra-Short Income ETF accounts for about 3.1% of Floyd Financial Group LLC’s portfolio, making the stock its 11th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPST. Bank of New York Mellon Corp increased its holdings in JPMorgan Ultra-Short Income ETF by 132.5% in the second quarter. Bank of New York Mellon Corp now owns 39,772 shares of the company’s stock worth $2,007,000 after buying an additional 22,665 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth approximately $265,000. Edgestream Partners L.P. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $2,385,000. Frisch Financial Group Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 38.3% during the 2nd quarter. Frisch Financial Group Inc. now owns 606,151 shares of the company’s stock valued at $30,592,000 after purchasing an additional 167,971 shares in the last quarter. Finally, Perennial Investment Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.0% during the 2nd quarter. Perennial Investment Advisors LLC now owns 46,229 shares of the company’s stock valued at $2,333,000 after purchasing an additional 1,779 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.43 on Wednesday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 year high of $50.75. The firm has a fifty day moving average price of $50.47 and a 200 day moving average price of $50.51.

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.