Diversify Wealth Management LLC Invests $5.21 Million in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Diversify Wealth Management LLC bought a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 103,263 shares of the company’s stock, valued at approximately $5,210,000.

Other hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth approximately $25,000. LRI Investments LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth $30,000. Triad Wealth Partners LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $32,000. Cooksen Wealth LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth $36,000. Finally, Tucker Asset Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 75.7% during 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 in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.61 on Friday. The company’s fifty day simple moving average is $50.52 and its 200-day simple moving average is $50.41. JPMorgan Ultra-Short Income ETF has a 52 week low of $49.96 and a 52 week high of $50.68.

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.