Merit Financial Group LLC Takes $412,000 Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Merit Financial Group LLC bought a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,173 shares of the company’s stock, valued at approximately $412,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPST. Hayek Kallen Investment Management raised its stake in shares of 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 buying an additional 219 shares during the last quarter. Eastern Bank lifted its holdings 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. Aspen Wealth Strategies LLC boosted its position in JPMorgan Ultra-Short Income ETF by 1.0% in 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. 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. Finally, Unique Wealth LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the 4th quarter. Unique Wealth LLC now owns 18,979 shares of the company’s stock valued at $956,000 after purchasing an additional 262 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.51 on Friday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.20 and a 1-year high of $50.75. The stock has a 50 day simple moving average of $50.48 and a 200-day simple moving average of $50.52.

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.