Legacy Wealth Management Inc Grows Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Legacy Wealth Management Inc increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,444,695 shares of the company’s stock after purchasing an additional 63,095 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 4.7% of Legacy Wealth Management Inc’s portfolio, making the stock its 8th biggest holding. Legacy Wealth Management Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $72,769,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.1% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 286,102 shares of the company’s stock valued at $14,411,000 after acquiring an additional 11,155 shares in the last quarter. Fifth Third Bancorp grew its position in JPMorgan Ultra-Short Income ETF by 14.6% in the 4th quarter. Fifth Third Bancorp now owns 1,080,682 shares of the company’s stock valued at $54,434,000 after purchasing an additional 137,918 shares during the period. Nepsis Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 1.5% during the 4th quarter. Nepsis Inc. now owns 39,630 shares of the company’s stock valued at $1,996,000 after purchasing an additional 586 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $7,571,000. Finally, Patriot Investment Management Group Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 21.2% in the fourth quarter. Patriot Investment Management Group Inc. now owns 9,522 shares of the company’s stock valued at $480,000 after buying an additional 1,667 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.53 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.75. The firm has a 50-day moving average of $50.48 and a 200-day 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.