Mainstream Capital Management LLC Invests $13.74 Million in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Mainstream Capital Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 270,737 shares of the company’s stock, valued at approximately $13,737,000. JPMorgan Ultra-Short Income ETF makes up about 11.7% of Mainstream Capital Management LLC’s holdings, making the stock its biggest position.

A number of other large investors have also recently bought and sold shares of JPST. Transform Wealth LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.9% during the second quarter. Transform Wealth LLC now owns 10,917 shares of the company’s stock worth $551,000 after buying an additional 200 shares in the last quarter. InTrack Investment Management Inc grew its position in JPMorgan Ultra-Short Income ETF by 2.4% during the 2nd quarter. InTrack Investment Management Inc now owns 8,992 shares of the company’s stock worth $454,000 after acquiring an additional 209 shares during the last quarter. Etesian Wealth Advisors Inc. increased its holdings in JPMorgan Ultra-Short Income ETF by 3.4% during the 2nd quarter. Etesian Wealth Advisors Inc. now owns 6,387 shares of the company’s stock valued at $322,000 after purchasing an additional 213 shares in the last quarter. Hayek Kallen Investment Management raised its position in JPMorgan Ultra-Short Income ETF by 0.3% in the 3rd quarter. Hayek Kallen Investment Management now owns 76,493 shares of the company’s stock valued at $3,881,000 after purchasing an additional 219 shares during the last quarter. Finally, Aspen Wealth Strategies LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 1.0% in the third quarter. Aspen Wealth Strategies LLC now owns 27,036 shares of the company’s stock worth $1,372,000 after purchasing an additional 261 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.43 on Friday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.08 and a 52 week high of $50.75. The stock’s fifty day moving average is $50.57 and its 200-day moving average is $50.48.

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.