Legacy Wealth Management Inc Grows Stock Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Legacy Wealth Management Inc lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,444,695 shares of the company’s stock after acquiring an additional 63,095 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 4.7% of Legacy Wealth Management Inc’s holdings, making the stock its 8th biggest holding. Legacy Wealth Management Inc owned about 0.32% of JPMorgan Ultra-Short Income ETF worth $72,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eastern Bank lifted its position in shares of JPMorgan Ultra-Short Income ETF by 95.1% in the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock worth $26,000 after purchasing an additional 250 shares during the period. Kennebec Savings Bank bought a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth $27,000. Hershey Financial Advisers LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at $30,000. Sound Income Strategies LLC boosted its position in JPMorgan Ultra-Short Income ETF by 82.2% during the fourth quarter. Sound Income Strategies LLC now owns 749 shares of the company’s stock valued at $38,000 after acquiring an additional 338 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $50,000.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.53 on Friday. 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 1-year low of $50.20 and a 1-year high of $50.75.

JPMorgan Ultra-Short Income ETF Company 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.