Sovran Advisors LLC Invests $10.13 Million in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Sovran Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 200,785 shares of the company’s stock, valued at approximately $10,126,000. JPMorgan Ultra-Short Income ETF makes up 1.4% of Sovran Advisors LLC’s investment portfolio, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Guardian Wealth Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 25.1% in the fourth quarter. Guardian Wealth Advisors LLC now owns 41,232 shares of the company’s stock valued at $2,077,000 after buying an additional 8,276 shares during the period. Essex LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.5% in the fourth quarter. Essex LLC now owns 230,834 shares of the company’s stock valued at $11,627,000 after buying an additional 12,054 shares during the period. Bridgewater Advisors Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.2% in the fourth quarter. Bridgewater Advisors Inc. now owns 1,922,583 shares of the company’s stock valued at $96,956,000 after buying an additional 193,580 shares during the period. Whittier Trust Co. lifted its holdings in shares of 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 buying an additional 295 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $412,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.45 on Tuesday. The business has a fifty day simple moving average of $50.48 and a 200-day simple moving average of $50.52. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week 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.