JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Shares Acquired by Independent Wealth Network Inc.

Independent Wealth Network Inc. increased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,253 shares of the company’s stock after purchasing an additional 7,991 shares during the period. JPMorgan Ultra-Short Income ETF makes up 3.8% of Independent Wealth Network Inc.’s portfolio, making the stock its 4th biggest position. Independent Wealth Network Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,331,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Eastern Bank grew its stake in JPMorgan Ultra-Short Income ETF by 95.1% during the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock worth $26,000 after buying an additional 250 shares during the last quarter. Kennebec Savings Bank bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $27,000. Hershey Financial Advisers LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $30,000. Sugar Maple Asset Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $50,000. Finally, Whittier Trust Co. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 29.5% during the third quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock valued at $66,000 after purchasing an additional 295 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.51 on Thursday. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.75. The company’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.