TAP Consulting LLC Has $5.48 Million Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

TAP Consulting LLC trimmed its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 108,702 shares of the company’s stock after selling 1,748 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 1.1% of TAP Consulting LLC’s investment portfolio, making the stock its 26th biggest position. TAP Consulting LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. New Wave Wealth Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $25,000. Eastern Bank raised its stake in JPMorgan Ultra-Short Income ETF by 95.1% during the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock worth $26,000 after buying an additional 250 shares during the last quarter. Maryland Capital Advisors Inc. acquired a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $31,000. Cullen Frost Bankers Inc. bought a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $33,000. Finally, Bogart Wealth LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 7,744.4% in the 4th quarter. Bogart Wealth LLC now owns 706 shares of the company’s stock worth $36,000 after acquiring an additional 697 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.57 on Thursday. The stock’s 50-day moving average is $50.51 and its 200 day moving average is $50.52. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.75.

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.