Able Wealth Management LLC Has $1.22 Million Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Able Wealth Management LLC decreased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,118 shares of the company’s stock after selling 1,654 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 0.9% of Able Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. Able Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,224,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 29.5% during the 3rd quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock worth $66,000 after purchasing an additional 295 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in JPMorgan Ultra-Short Income ETF by 33.4% during the first quarter. Oppenheimer & Co. Inc. now owns 81,809 shares of the company’s stock valued at $4,127,000 after buying an additional 20,492 shares in the last quarter. Brookstone Capital Management raised its holdings in JPMorgan Ultra-Short Income ETF by 14.7% during the second quarter. Brookstone Capital Management now owns 26,243 shares of the company’s stock valued at $1,324,000 after buying an additional 3,354 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 18.5% in the second quarter. First Horizon Advisors Inc. now owns 3,200 shares of the company’s stock worth $162,000 after buying an additional 500 shares during the last quarter. Finally, GYL Financial Synergies LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 14.1% during the 2nd quarter. GYL Financial Synergies LLC now owns 6,360 shares of the company’s stock worth $321,000 after acquiring an additional 785 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.45 on Friday. The business’s 50-day simple moving average is $50.56 and its 200-day simple moving average is $50.48. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.08 and a 52 week 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.