Tower Research Capital LLC TRC Purchases New Shares in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Tower Research Capital LLC TRC bought a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 109,548 shares of the company’s stock, valued at approximately $5,518,000.

Several other hedge funds have also made changes to their positions in the business. Anchor Investment Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 3.5% during the third quarter. Anchor Investment Management LLC now owns 115,953 shares of the company’s stock worth $5,883,000 after buying an additional 3,967 shares during the period. Synovus Financial Corp increased its stake in JPMorgan Ultra-Short Income ETF by 80.4% in the 3rd quarter. Synovus Financial Corp now owns 623,010 shares of the company’s stock valued at $31,611,000 after purchasing an additional 277,669 shares in the last quarter. Peapack Gladstone Financial Corp raised its holdings in JPMorgan Ultra-Short Income ETF by 7.0% during the third quarter. Peapack Gladstone Financial Corp now owns 503,296 shares of the company’s stock worth $25,537,000 after purchasing an additional 32,832 shares during the last quarter. Franklin Resources Inc. raised its holdings in JPMorgan Ultra-Short Income ETF by 1.5% during the third quarter. Franklin Resources Inc. now owns 456,509 shares of the company’s stock worth $23,072,000 after purchasing an additional 6,738 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its position in JPMorgan Ultra-Short Income ETF by 13.0% during the third quarter. Garden State Investment Advisory Services LLC now owns 6,879 shares of the company’s stock worth $349,000 after purchasing an additional 789 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.49 on Monday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.75. The business has a fifty day simple moving average of $50.51 and a 200-day simple moving average of $50.50.

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.