Fortress Wealth Management Inc. Has $1.60 Million Stock Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Fortress Wealth Management Inc. lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 25.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,763 shares of the company’s stock after selling 11,082 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 0.8% of Fortress Wealth Management Inc.’s holdings, making the stock its 26th largest position. Fortress Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,600,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JPST. JPMorgan Chase & Co. increased its position in JPMorgan Ultra-Short Income ETF by 26.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,544,853 shares of the company’s stock valued at $3,731,666,000 after acquiring an additional 15,245,816 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 22.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,755,150 shares of the company’s stock valued at $292,016,000 after purchasing an additional 1,053,392 shares during the period. Temasek Holdings Private Ltd acquired a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at $50,075,000. West Oak Capital LLC raised its position in JPMorgan Ultra-Short Income ETF by 2,619.5% during the 4th quarter. West Oak Capital LLC now owns 918,881 shares of the company’s stock worth $46,284,000 after purchasing an additional 885,093 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 11.2% during the 4th quarter. HB Wealth Management LLC now owns 8,316,836 shares of the company’s stock worth $416,590,000 after buying an additional 838,189 shares during the period.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.55 on Tuesday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.20 and a 1-year high of $50.75. The stock has a 50-day moving average of $50.48 and a 200-day moving average of $50.52.

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.