Sovereign Financial Group Inc. Grows Stock Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Sovereign Financial Group Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 35.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,737 shares of the company’s stock after buying an additional 6,708 shares during the period. Sovereign Financial Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BluePath Capital Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $26,000. Mine & Arao Wealth Creation & Management LLC. bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $30,000. Mendota Financial Group LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $34,000. Signature Resources Capital Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $50,000. Finally, GPS Wealth Strategies Group LLC increased its stake in JPMorgan Ultra-Short Income ETF by 65.5% during the third quarter. GPS Wealth Strategies Group LLC now owns 998 shares of the company’s stock worth $50,000 after acquiring an additional 395 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

JPST remained flat at $50.29 during trading on Wednesday. The company had a trading volume of 4,658,892 shares, compared to its average volume of 3,910,381. JPMorgan Ultra-Short Income ETF has a 12 month low of $49.93 and a 12 month high of $50.51. The business’s 50 day moving average is $50.34 and its 200 day moving average is $50.30.

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.