Souders Financial Advisors Buys 19,500 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Souders Financial Advisors increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.8% during the third quarter, Holdings Channel reports. The firm owned 305,456 shares of the company’s stock after acquiring an additional 19,500 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 2.2% of Souders Financial Advisors’ investment portfolio, making the stock its 11th biggest position. Souders Financial Advisors’ holdings in JPMorgan Ultra-Short Income ETF were worth $15,499,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of JPST. Whittier Trust Co. grew its position in JPMorgan Ultra-Short Income ETF by 29.5% in the third quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock valued at $66,000 after acquiring an additional 295 shares during the last quarter. Brookstone Capital Management grew its position in JPMorgan Ultra-Short Income ETF by 14.7% in the second quarter. Brookstone Capital Management now owns 26,243 shares of the company’s stock valued at $1,324,000 after acquiring an additional 3,354 shares during the last quarter. First Horizon Advisors Inc. grew its position in 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 valued at $162,000 after acquiring an additional 500 shares during the last quarter. GYL Financial Synergies LLC grew its position in JPMorgan Ultra-Short Income ETF by 14.1% in the second quarter. GYL Financial Synergies LLC now owns 6,360 shares of the company’s stock valued at $321,000 after acquiring an additional 785 shares during the last quarter. Finally, Private Client Services LLC bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at about $280,000.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.43 on Wednesday. The business’s 50-day moving average price is $50.56 and its 200-day moving average price is $50.48. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.09 and a 12 month 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.