Lokken Investment Group LLC Makes New Investment in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Lokken Investment Group LLC bought a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 2nd quarter, Holdings Channel reports. The firm bought 94,653 shares of the company’s stock, valued at approximately $4,777,000. JPMorgan Ultra-Short Income ETF accounts for about 2.2% of Lokken Investment Group LLC’s portfolio, making the stock its 13th largest holding.

A number of other institutional investors have also modified their holdings of JPST. Zega Financial LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth about $1,169,000. Mercer Global Advisors Inc. ADV raised its stake in shares of JPMorgan Ultra-Short Income ETF by 13.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 431,945 shares of the company’s stock worth $21,800,000 after buying an additional 52,284 shares in the last quarter. RPg Family Wealth Advisory LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 0.4% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 267,710 shares of the company’s stock worth $13,511,000 after buying an additional 1,096 shares in the last quarter. L & S Advisors Inc acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $451,000. Finally, Perennial Investment Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 4.0% in the second quarter. Perennial Investment Advisors LLC now owns 46,229 shares of the company’s stock valued at $2,333,000 after buying an additional 1,779 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Trading Up 0.0 %

NYSEARCA:JPST opened at $50.65 on Wednesday. JPMorgan Ultra-Short Income ETF has a 1 year low of $49.96 and a 1 year high of $50.68. The stock has a fifty day moving average price of $50.53 and a two-hundred day moving average price of $50.42.

JPMorgan Ultra-Short Income ETF 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.