Family Asset Management LLC Buys 18,520 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Family Asset Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 33.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 73,467 shares of the company’s stock after buying an additional 18,520 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 2.2% of Family Asset Management LLC’s holdings, making the stock its 10th largest holding. Family Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,728,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in JPST. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $25,000. LRI Investments LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $30,000. Hershey Financial Advisers LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $30,000. Triad Wealth Partners LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $32,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 282.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 734 shares of the company’s stock worth $37,000 after purchasing an additional 542 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock traded down $0.01 during trading hours on Wednesday, reaching $50.40. The stock had a trading volume of 428,014 shares, compared to its average volume of 4,011,238. The firm has a 50 day simple moving average of $50.58 and a two-hundred day simple moving average of $50.48. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.06 and a 1 year high of $50.75.

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.