Financial Connections Group Inc. Purchases 18,464 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Financial Connections Group Inc. grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 161,460 shares of the company’s stock after purchasing an additional 18,464 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 3.9% of Financial Connections Group Inc.’s investment portfolio, making the stock its 10th biggest holding. Financial Connections Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,132,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in JPMorgan Ultra-Short Income ETF by 26.2% in the third quarter. JPMorgan Chase & Co. now owns 73,544,853 shares of the company’s stock worth $3,731,666,000 after purchasing an additional 15,245,816 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 22.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,755,150 shares of the company’s stock valued at $292,016,000 after purchasing an additional 1,053,392 shares during the last quarter. Temasek Holdings Private Ltd acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $50,075,000. West Oak Capital LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 2,619.5% during the fourth quarter. West Oak Capital LLC now owns 918,881 shares of the company’s stock worth $46,284,000 after buying an additional 885,093 shares during the last quarter. Finally, HB Wealth Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 11.2% in the fourth quarter. HB Wealth Management LLC now owns 8,316,836 shares of the company’s stock valued at $416,590,000 after acquiring an additional 838,189 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.45 on Wednesday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 week high of $50.75. The company has a fifty day moving average price of $50.48 and a two-hundred day moving average price of $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.