Emerald Advisors LLC Invests $488,000 in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Emerald Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 9,697 shares of the company’s stock, valued at approximately $488,000.

Other hedge funds also recently made changes to their positions in the company. Whittier Trust Co. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 29.5% in the third quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock worth $66,000 after purchasing an additional 295 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in JPMorgan Ultra-Short Income ETF by 14.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 77,315 shares of the company’s stock worth $3,923,000 after buying an additional 9,699 shares in the last quarter. Calton & Associates Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $256,000. Saxony Capital Management LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 316.5% during the third quarter. Saxony Capital Management LLC now owns 44,632 shares of the company’s stock valued at $2,265,000 after acquiring an additional 33,917 shares during the period. Finally, Community Trust & Investment Co. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $238,000.

JPMorgan Ultra-Short Income ETF Trading Up 0.1 %

NYSEARCA:JPST opened at $50.52 on Thursday. The stock has a 50-day moving average price of $50.48 and a 200 day moving average price of $50.52. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.20 and a 12-month high of $50.75.

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.