RFG Advisory LLC Invests $570,000 in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

RFG Advisory LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,291 shares of the company’s stock, valued at approximately $570,000.

A number of other hedge funds also recently modified their holdings of JPST. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 30.0% during the first quarter. JPMorgan Chase & Co. now owns 45,690,839 shares of the company’s stock worth $2,305,103,000 after purchasing an additional 10,546,138 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF by 29.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,457,071 shares of the company’s stock valued at $675,949,000 after buying an additional 3,081,352 shares during the period. Goldman Sachs Group Inc. acquired a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $93,574,000. Cetera Investment Advisers lifted its holdings in JPMorgan Ultra-Short Income ETF by 927.2% in the first quarter. Cetera Investment Advisers now owns 1,790,596 shares of the company’s stock valued at $90,336,000 after buying an additional 1,616,273 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in JPMorgan Ultra-Short Income ETF by 37.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,833,237 shares of the company’s stock valued at $243,837,000 after purchasing an additional 1,317,710 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Up 0.1 %

Shares of JPMorgan Ultra-Short Income ETF stock traded up $0.03 on Monday, reaching $50.50. 5,337,174 shares of the company traded hands, compared to its average volume of 3,853,123. The company has a 50 day moving average of $50.42 and a 200 day moving average of $50.38. JPMorgan Ultra-Short Income ETF has a 52 week low of $49.96 and a 52 week high of $50.64.

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.