JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Shares Acquired by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,208 shares of the company’s stock after buying an additional 6,221 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 3.2% of FSM Wealth Advisors LLC’s portfolio, making the stock its 8th largest position. FSM Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gradient Investments LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 265.0% during the 1st quarter. Gradient Investments LLC now owns 511 shares of the company’s stock worth $26,000 after buying an additional 371 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $32,000. Sunbelt Securities Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $38,000. Tanglewood Legacy Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $39,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $39,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST traded up $0.02 during mid-day trading on Monday, reaching $50.13. 1,666,723 shares of the company were exchanged, compared to its average volume of 4,702,940. The firm’s 50-day simple moving average is $50.10 and its 200 day simple moving average is $50.16. JPMorgan Ultra-Short Income ETF has a 1 year low of $49.93 and a 1 year high of $50.40.

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.