Allen Capital Group LLC Increases Stock Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Allen Capital Group LLC increased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,871 shares of the company’s stock after buying an additional 11,941 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 1.1% of Allen Capital Group LLC’s investment portfolio, making the stock its 21st largest position. Allen Capital Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,974,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in JPST. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth approximately $25,000. Kennebec Savings Bank purchased a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at $27,000. LRI Investments LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the first quarter valued at $30,000. Hershey Financial Advisers LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at $30,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at $32,000.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.50 on Friday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.13 and a twelve month high of $50.75. The company’s fifty day simple moving average is $50.55 and its 200-day simple moving average is $50.48.

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.