JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) is Financial Connections Group Inc.’s 10th Largest Position

Financial Connections Group Inc. lifted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 161,460 shares of the company’s stock after buying an additional 18,464 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 3.9% of Financial Connections Group Inc.’s investment portfolio, making the stock its 10th largest holding. Financial Connections Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,132,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPST. New Wave Wealth Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth $25,000. Eastern Bank raised its holdings in JPMorgan Ultra-Short Income ETF by 95.1% during the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after buying an additional 250 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth about $27,000. Sound Income Strategies LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 82.2% during the 4th quarter. Sound Income Strategies LLC now owns 749 shares of the company’s stock worth $38,000 after acquiring an additional 338 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $49,000.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.45 on Wednesday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.20 and a 12-month high of $50.75. The stock has a 50 day moving average price of $50.48 and a two-hundred day moving average price of $50.52.

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.