Financial Perspectives Inc Purchases 12,156 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Financial Perspectives Inc increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,152 shares of the company’s stock after purchasing an additional 12,156 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 0.9% of Financial Perspectives Inc’s holdings, making the stock its 25th biggest position. Financial Perspectives Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,691,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JPST. Howe & Rusling Inc. bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $26,000. Logan Capital Management Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $27,000. Cyrus J. Lawrence LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $31,000. Cullen Frost Bankers Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $33,000. Finally, Washington Trust Advisors Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $38,000.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.54 on Wednesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.25 and a fifty-two week high of $50.75. The business has a 50-day simple moving average of $50.50 and a two-hundred day simple moving average of $50.50.

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.