WealthTrak Capital Management LLC Makes New Investment in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

WealthTrak Capital Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,698 shares of the company’s stock, valued at approximately $1,143,000. JPMorgan Ultra-Short Income ETF comprises approximately 1.0% of WealthTrak Capital Management LLC’s holdings, making the stock its 28th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $25,000. Eastern Bank increased its holdings in shares of 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 purchasing an additional 250 shares during the period. Howe & Rusling Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $26,000. Maryland Capital Advisors Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $31,000. Finally, Cyrus J. Lawrence LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $31,000.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.62 on Friday. The firm’s 50-day moving average is $50.53 and its two-hundred day moving average is $50.52. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 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.