Congress Wealth Management LLC DE Grows Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Congress Wealth Management LLC DE raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 22,995 shares of the company’s stock after purchasing an additional 1,814 shares during the period. Congress Wealth Management LLC DE’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,158,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $25,000. Eastern Bank boosted its position in JPMorgan Ultra-Short Income ETF by 95.1% in the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after buying an additional 250 shares during the period. Maryland Capital Advisors Inc. bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $31,000. Cyrus J. Lawrence LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $31,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $33,000.

JPMorgan Ultra-Short Income ETF Trading Up 0.0 %

Shares of NYSEARCA JPST opened at $50.59 on Friday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.20 and a 52-week high of $50.75. The stock has a 50 day moving average price of $50.52 and a 200 day moving average price of $50.52.

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.