Modera Wealth Management LLC Buys Shares of 8,569 JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Modera Wealth Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 8,569 shares of the company’s stock, valued at approximately $432,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Guardian Wealth Advisors LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 25.1% during the 4th quarter. Guardian Wealth Advisors LLC now owns 41,232 shares of the company’s stock worth $2,077,000 after acquiring an additional 8,276 shares during the period. Essex LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 5.5% during the 4th quarter. Essex LLC now owns 230,834 shares of the company’s stock valued at $11,627,000 after purchasing an additional 12,054 shares in the last quarter. Delta Financial Group Inc. increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 265.1% in the fourth quarter. Delta Financial Group Inc. now owns 88,683 shares of the company’s stock worth $4,467,000 after purchasing an additional 64,393 shares during the period. Bridgewater Advisors Inc. raised its position in shares of JPMorgan Ultra-Short Income ETF by 11.2% in the fourth quarter. Bridgewater Advisors Inc. now owns 1,922,583 shares of the company’s stock worth $96,956,000 after buying an additional 193,580 shares in the last quarter. Finally, SMART Wealth LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 56.9% during the fourth quarter. SMART Wealth LLC now owns 76,777 shares of the company’s stock valued at $3,867,000 after buying an additional 27,837 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.48 on Wednesday. The business has a 50-day simple moving average of $50.49 and a 200 day simple moving average of $50.53. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 week high of $50.75.

About JPMorgan Ultra-Short Income ETF

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.