AIFG Consultants Ltd. Takes $433,000 Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

AIFG Consultants Ltd. purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,530 shares of the company’s stock, valued at approximately $433,000.

A number of other hedge funds also recently added to or reduced their stakes in JPST. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 30.0% in the 1st quarter. JPMorgan Chase & Co. now owns 45,690,839 shares of the company’s stock valued at $2,305,103,000 after buying an additional 10,546,138 shares during the period. LPL Financial LLC increased its stake in JPMorgan Ultra-Short Income ETF by 13.5% in the 2nd quarter. LPL Financial LLC now owns 10,382,964 shares of the company’s stock valued at $524,028,000 after purchasing an additional 1,235,482 shares in the last quarter. HB Wealth Management LLC increased its position in JPMorgan Ultra-Short Income ETF by 5.8% during the first quarter. HB Wealth Management LLC now owns 8,076,454 shares of the company’s stock worth $405,234,000 after buying an additional 443,033 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in JPMorgan Ultra-Short Income ETF by 37.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,833,237 shares of the company’s stock worth $243,837,000 after buying an additional 1,317,710 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of JPMorgan Ultra-Short Income ETF by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 3,615,274 shares of the company’s stock valued at $182,463,000 after purchasing an additional 14,611 shares during the period.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock traded down $0.02 during midday trading on Monday, reaching $50.56. The stock had a trading volume of 1,468,774 shares, compared to its average volume of 3,953,884. JPMorgan Ultra-Short Income ETF has a twelve month low of $49.97 and a twelve month high of $50.75. The stock’s 50-day simple moving average is $50.59 and its 200 day simple moving average is $50.46.

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.