Raymond James Financial Inc. Makes New Investment in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Raymond James Financial Inc. acquired a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,452,138 shares of the company’s stock, valued at approximately $173,884,000. Raymond James Financial Inc. owned approximately 0.76% of JPMorgan Ultra-Short Income ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $25,000. Eastern Bank raised its position in shares of JPMorgan Ultra-Short Income ETF by 95.1% in the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after buying an additional 250 shares in the last quarter. Kennebec Savings Bank acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $27,000. Maryland Capital Advisors Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $31,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $33,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.51 on Friday. The firm has a 50 day moving average of $50.49 and a 200-day moving average of $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.