Merit Financial Group LLC Takes Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Merit Financial Group LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,173 shares of the company’s stock, valued at approximately $412,000.

Several other institutional investors have also modified their holdings of JPST. Whittier Trust Co. boosted its stake in JPMorgan Ultra-Short Income ETF by 29.5% during the 3rd quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock worth $66,000 after purchasing an additional 295 shares during the period. Jaffetilchin Investment Partners LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 9.5% during the third quarter. Jaffetilchin Investment Partners LLC now owns 100,508 shares of the company’s stock worth $5,100,000 after buying an additional 8,704 shares during the period. Nations Financial Group Inc. IA ADV grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 100.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 10,809 shares of the company’s stock worth $548,000 after buying an additional 5,428 shares during the last quarter. Zega Financial LLC increased its position in JPMorgan Ultra-Short Income ETF by 30.4% in the 3rd quarter. Zega Financial LLC now owns 30,205 shares of the company’s stock valued at $1,533,000 after acquiring an additional 7,047 shares during the period. Finally, Private Client Services LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $280,000.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.51 on Friday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.20 and a 12-month high of $50.75. The stock’s 50 day simple moving average is $50.48 and its 200-day simple moving average is $50.52.

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.