Illumine Investment Management LLC Makes New $3.67 Million Investment in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Illumine Investment Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 72,847 shares of the company’s stock, valued at approximately $3,669,000. JPMorgan Ultra-Short Income ETF accounts for about 3.0% of Illumine Investment Management LLC’s investment portfolio, making the stock its 4th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. New Wave Wealth Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $25,000. Eastern Bank boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 95.1% during the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock worth $26,000 after acquiring an additional 250 shares in the last quarter. Kennebec Savings Bank purchased a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $27,000. Maryland Capital Advisors Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $31,000. Finally, Bogart Wealth LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 7,744.4% in the 4th quarter. Bogart Wealth LLC now owns 706 shares of the company’s stock valued at $36,000 after buying an additional 697 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.60 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 50 day moving average price is $50.49 and its 200 day moving average price is $50.53.

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.