Maryland Capital Advisors Inc. Makes New $31,000 Investment in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Maryland Capital Advisors Inc. bought a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, Holdings Channel reports. The institutional investor bought 621 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Moloney Securities Asset Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 1.6% in the fourth quarter. Moloney Securities Asset Management LLC now owns 14,662 shares of the company’s stock worth $739,000 after acquiring an additional 224 shares in the last quarter. Eastern Bank lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 95.1% during the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares in the last quarter. SteelPeak Wealth LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.2% during the fourth quarter. SteelPeak Wealth LLC now owns 6,394 shares of the company’s stock valued at $323,000 after purchasing an additional 260 shares in the last quarter. Aspen Wealth Strategies LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.0% during the third quarter. Aspen Wealth Strategies LLC now owns 27,036 shares of the company’s stock valued at $1,372,000 after purchasing an additional 261 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 0.6% during the third quarter. Edgestream Partners L.P. now owns 47,521 shares of the company’s stock valued at $2,411,000 after purchasing an additional 262 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Up 0.1 %

Shares of NYSEARCA:JPST opened at $50.50 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 year high of $50.75. The stock’s fifty day moving average price is $50.48 and its 200-day moving average price is $50.52.

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.