Fortis Group Advisors LLC Buys New Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Fortis Group Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the second quarter, according to its most recent filing with the SEC. The firm bought 7,036 shares of the company’s stock, valued at approximately $355,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPST. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $25,000. Mine & Arao Wealth Creation & Management LLC. bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $30,000. First Pacific Financial raised its position in JPMorgan Ultra-Short Income ETF by 1,093.9% in the 1st quarter. First Pacific Financial now owns 585 shares of the company’s stock worth $30,000 after purchasing an additional 536 shares during the last quarter. LRI Investments LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $30,000. Finally, Triad Wealth Partners LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $32,000.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock traded up $0.01 during trading on Friday, hitting $50.67. The company had a trading volume of 3,601,403 shares, compared to its average volume of 3,856,735. The firm has a 50-day moving average price of $50.48 and a 200-day moving average price of $50.40. JPMorgan Ultra-Short Income ETF has a 12 month low of $49.96 and a 12 month high of $50.68.

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.