West Paces Advisors Inc. Increases Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

West Paces Advisors Inc. increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 16.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,869 shares of the company’s stock after acquiring an additional 13,679 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 1.3% of West Paces Advisors Inc.’s holdings, making the stock its 14th biggest holding. West Paces Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,786,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Mine & Arao Wealth Creation & Management LLC. bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $30,000. Mendota Financial Group LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth $34,000. Cooksen Wealth LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth $36,000. Tucker Asset Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 75.7% in the fourth quarter. Tucker Asset Management LLC now owns 736 shares of the company’s stock worth $37,000 after purchasing an additional 317 shares during the last quarter. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth $45,000.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST remained flat at $50.45 during trading on Wednesday. 3,161,215 shares of the stock traded hands, compared to its average volume of 3,798,884. JPMorgan Ultra-Short Income ETF has a 52-week low of $49.93 and a 52-week high of $50.51. The business’s 50-day simple moving average is $50.37 and its two-hundred day simple moving average is $50.35.

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.