Pinnacle Wealth Management Advisory Group LLC Takes $278,000 Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,525 shares of the company’s stock, valued at approximately $278,000.

Several other large investors have also recently modified their holdings of JPST. Guardian Wealth Advisors LLC raised its stake in JPMorgan Ultra-Short Income ETF by 25.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 41,232 shares of the company’s stock worth $2,077,000 after buying an additional 8,276 shares during the last quarter. Essex LLC raised its stake in JPMorgan Ultra-Short Income ETF by 5.5% during the fourth quarter. Essex LLC now owns 230,834 shares of the company’s stock worth $11,627,000 after buying an additional 12,054 shares during the last quarter. Bridgewater Advisors Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 11.2% during the fourth quarter. Bridgewater Advisors Inc. now owns 1,922,583 shares of the company’s stock worth $96,956,000 after buying an additional 193,580 shares during the last quarter. Whittier Trust Co. raised its stake in JPMorgan Ultra-Short Income ETF by 29.5% during the third quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock worth $66,000 after buying an additional 295 shares during the last quarter. Finally, SMART Wealth LLC raised its stake in JPMorgan Ultra-Short Income ETF by 56.9% during the fourth quarter. SMART Wealth LLC now owns 76,777 shares of the company’s stock worth $3,867,000 after buying an additional 27,837 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.50 on Tuesday. The firm has a fifty day simple moving average of $50.48 and a two-hundred day simple moving average of $50.52. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 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.