JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) is Phoenix Wealth Advisors’ Largest Position

Phoenix Wealth Advisors raised its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 33.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 778,719 shares of the company’s stock after purchasing an additional 195,052 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 17.0% of Phoenix Wealth Advisors’ investment portfolio, making the stock its largest holding. Phoenix Wealth Advisors owned about 0.17% of JPMorgan Ultra-Short Income ETF worth $39,224,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in JPST. Eastern Bank increased its position in JPMorgan Ultra-Short Income ETF by 95.1% during the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after buying an additional 250 shares in the last quarter. Kennebec Savings Bank acquired a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth about $27,000. Hershey Financial Advisers LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $30,000. Sugar Maple Asset Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $50,000. Finally, Whittier Trust Co. raised its position in shares of JPMorgan Ultra-Short Income ETF by 29.5% in the 3rd quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock valued at $66,000 after purchasing an additional 295 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Trading Up 0.0 %

JPST stock opened at $50.50 on Wednesday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 week high of $50.75. The firm has a 50 day moving average of $50.48 and a 200 day moving average 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.