Daner Wealth Management LLC Invests $1.55 Million in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Daner Wealth Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 30,609 shares of the company’s stock, valued at approximately $1,549,000. JPMorgan Ultra-Short Income ETF makes up about 1.1% of Daner Wealth Management LLC’s holdings, making the stock its 17th largest holding.

Other hedge funds also recently bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $25,000. Eastern Bank grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 95.1% during the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the last quarter. Kennebec Savings Bank purchased a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $27,000. Maryland Capital Advisors Inc. bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth $31,000. Finally, Bogart Wealth LLC boosted its position in JPMorgan Ultra-Short Income ETF by 7,744.4% during the fourth quarter. Bogart Wealth LLC now owns 706 shares of the company’s stock valued at $36,000 after buying an additional 697 shares during the period.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.58 on Wednesday. The stock’s 50-day moving average price is $50.48 and its 200-day moving average price is $50.52. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.20 and a 12-month 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.