Pennsylvania Capital Management Inc. ADV Boosts Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Pennsylvania Capital Management Inc. ADV increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 163.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 39,279 shares of the company’s stock after buying an additional 24,353 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 0.7% of Pennsylvania Capital Management Inc. ADV’s holdings, making the stock its 23rd biggest position. Pennsylvania Capital Management Inc. ADV’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,978,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hayek Kallen Investment Management raised its stake in JPMorgan Ultra-Short Income ETF by 0.3% during the 3rd quarter. Hayek Kallen Investment Management now owns 76,493 shares of the company’s stock valued at $3,881,000 after acquiring an additional 219 shares during the last quarter. Eastern Bank grew its holdings in JPMorgan Ultra-Short Income ETF by 95.1% during the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock worth $26,000 after acquiring an additional 250 shares during the period. SteelPeak Wealth LLC raised its position in JPMorgan Ultra-Short Income ETF by 4.2% in the fourth quarter. SteelPeak Wealth LLC now owns 6,394 shares of the company’s stock worth $323,000 after acquiring an additional 260 shares in the last quarter. Aspen Wealth Strategies LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 1.0% during the 3rd quarter. Aspen Wealth Strategies LLC now owns 27,036 shares of the company’s stock worth $1,372,000 after purchasing an additional 261 shares in the last quarter. Finally, Edgestream Partners L.P. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 0.6% during the 3rd quarter. Edgestream Partners L.P. now owns 47,521 shares of the company’s stock worth $2,411,000 after purchasing an additional 262 shares during the period.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.42 on Tuesday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 week high of $50.75. The company’s 50-day moving average price is $50.49 and its 200 day moving average price is $50.53.

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.