Fountainhead AM LLC Purchases 97,848 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Fountainhead AM LLC raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 33.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 390,646 shares of the company’s stock after purchasing an additional 97,848 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 5.4% of Fountainhead AM LLC’s portfolio, making the stock its 4th largest position. Fountainhead AM LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $19,622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPST. BluePath Capital Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $26,000. Mendota Financial Group LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $34,000. GPS Wealth Strategies Group LLC increased its stake in JPMorgan Ultra-Short Income ETF by 65.5% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 998 shares of the company’s stock valued at $50,000 after purchasing an additional 395 shares in the last quarter. Winch Advisory Services LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $52,000. Finally, Macroview Investment Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 146.0% during the 4th quarter. Macroview Investment Management LLC now owns 1,685 shares of the company’s stock valued at $85,000 after purchasing an additional 1,000 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock traded up $0.02 during midday trading on Tuesday, reaching $50.38. 3,190,520 shares of the company’s stock traded hands, compared to its average volume of 3,824,283. JPMorgan Ultra-Short Income ETF has a 52 week low of $49.93 and a 52 week high of $50.51. The firm’s fifty day moving average price is $50.34 and its 200-day moving average price is $50.28.

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.