JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Stock Position Raised by RiverFront Investment Group LLC

RiverFront Investment Group LLC lifted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,149 shares of the company’s stock after purchasing an additional 4,052 shares during the quarter. RiverFront Investment Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the stock. New Wave Wealth Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth $25,000. Eastern Bank grew its position in JPMorgan Ultra-Short Income ETF by 95.1% in the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after acquiring an additional 250 shares during the period. Howe & Rusling Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $26,000. Maryland Capital Advisors Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $31,000. Finally, Cyrus J. Lawrence LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $31,000.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.62 on Friday. The company’s 50-day moving average is $50.53 and its two-hundred day moving average is $50.52. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 year high of $50.75.

JPMorgan Ultra-Short Income ETF 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.