Fortress Wealth Management Inc. Sells 11,082 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Fortress Wealth Management Inc. decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 25.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 31,763 shares of the company’s stock after selling 11,082 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 0.8% of Fortress Wealth Management Inc.’s portfolio, making the stock its 26th biggest position. Fortress Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,600,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of JPST. Eastern Bank grew its position in JPMorgan Ultra-Short Income ETF by 95.1% in the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after acquiring an additional 250 shares during the last quarter. Kennebec Savings Bank acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $27,000. Hershey Financial Advisers LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at approximately $30,000. Sound Income Strategies LLC increased its position in JPMorgan Ultra-Short Income ETF by 82.2% during the 4th quarter. Sound Income Strategies LLC now owns 749 shares of the company’s stock worth $38,000 after purchasing an additional 338 shares in the last quarter. Finally, Sugar Maple Asset Management LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $50,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.55 on Tuesday. The company’s 50 day moving average price is $50.48 and its two-hundred day moving average price is $50.52. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.75.

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.