Prosperity Consulting Group LLC Raises Stock Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Prosperity Consulting Group LLC raised its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,392 shares of the company’s stock after buying an additional 1,191 shares during the period. Prosperity Consulting Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $676,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in JPST. Mine & Arao Wealth Creation & Management LLC. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $30,000. First Pacific Financial increased its stake in shares of JPMorgan Ultra-Short Income ETF by 1,093.9% during the 1st quarter. First Pacific Financial now owns 585 shares of the company’s stock worth $30,000 after purchasing an additional 536 shares in the last quarter. Mendota Financial Group LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $34,000. Cooksen Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $36,000. Finally, Tucker Asset Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 75.7% during the 4th quarter. Tucker Asset Management LLC now owns 736 shares of the company’s stock worth $37,000 after purchasing an additional 317 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Trading Up 0.1 %

Shares of JPST traded up $0.03 during mid-day trading on Friday, reaching $50.33. 2,795,540 shares of the company’s stock were exchanged, compared to its average volume of 3,797,935. The company has a 50-day simple moving average of $50.37 and a two-hundred day simple moving average of $50.35. JPMorgan Ultra-Short Income ETF has a 52-week low of $49.93 and a 52-week high of $50.51.

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.