PDS Planning Inc Boosts Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

PDS Planning Inc increased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 15.2% in the third quarter, HoldingsChannel reports. The firm owned 23,853 shares of the company’s stock after buying an additional 3,149 shares during the period. PDS Planning Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,210,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in JPST. Thurston Springer Miller Herd & Titak Inc. bought a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth about $25,000. LRI Investments LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $30,000. Hershey Financial Advisers LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $32,000. Finally, EverSource Wealth Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 282.3% in the first quarter. EverSource Wealth Advisors LLC now owns 734 shares of the company’s stock worth $37,000 after purchasing an additional 542 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST traded up $0.02 during midday trading on Monday, hitting $50.40. 972,936 shares of the company’s stock traded hands, compared to its average volume of 4,007,564. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.05 and a 1 year high of $50.75. The firm’s fifty day moving average is $50.59 and its 200-day 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.