Synergy Investment Management LLC Takes Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Synergy Investment Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,000 shares of the company’s stock, valued at approximately $50,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth $25,000. Eastern Bank increased its holdings in JPMorgan Ultra-Short Income ETF by 95.1% in the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock worth $26,000 after acquiring an additional 250 shares in the last quarter. Kennebec Savings Bank acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $27,000. Maryland Capital Advisors Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth $31,000. Finally, Bogart Wealth LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 7,744.4% during the 4th quarter. Bogart Wealth LLC now owns 706 shares of the company’s stock worth $36,000 after purchasing an additional 697 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.48 on Wednesday. The firm’s fifty day moving average is $50.49 and its two-hundred day moving average is $50.53. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.20 and a 52-week 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.