Vertex Planning Partners LLC Takes $237,000 Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Vertex Planning Partners LLC bought a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, Holdings Channel reports. The fund bought 4,714 shares of the company’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds also recently modified their holdings of JPST. New Wave Wealth Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $25,000. Eastern Bank raised 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 acquiring an additional 250 shares during the period. Howe & Rusling Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $26,000. Maryland Capital Advisors Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $31,000. Finally, Cyrus J. Lawrence LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $31,000.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.59 on Friday. The stock has a fifty day moving average of $50.52 and a 200-day 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.

JPMorgan Ultra-Short Income ETF 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.