Financial Connections Group Inc. Has $4.06 Million Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Financial Connections Group Inc. trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,364 shares of the company’s stock after selling 733 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 4.4% of Financial Connections Group Inc.’s investment portfolio, making the stock its 7th biggest position. Financial Connections Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,055,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. First Pacific Financial raised its position 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 valued at $30,000 after buying an additional 536 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $30,000. Mendota Financial Group LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $34,000. Cooksen Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $36,000. Finally, Tucker Asset Management LLC raised its position 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 valued at $37,000 after buying an additional 317 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock traded up $0.03 on Thursday, hitting $50.40. 2,952,876 shares of the company traded hands, compared to its average volume of 3,771,641. The firm’s 50-day simple moving average is $50.37 and its 200 day simple moving average is $50.35. JPMorgan Ultra-Short Income ETF has a 12-month low of $49.96 and a 12-month high of $50.51.

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.