Taylor Securities Services Inc. Buys Shares of 264,319 JPMorgan Ultra-Short Income ETF $JPST

Taylor Securities Services Inc. bought a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 264,319 shares of the company’s stock, valued at approximately $13,372,000. JPMorgan Ultra-Short Income ETF accounts for approximately 6.1% of Taylor Securities Services Inc.’s investment portfolio, making the stock its 5th largest position.

A number of other hedge funds have also made changes to their positions in the stock. Lakeridge Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 4.5% in the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock valued at $241,000 after buying an additional 206 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 2.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock valued at $434,000 after buying an additional 221 shares during the period. Lantern Wealth Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.0% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock valued at $240,000 after acquiring an additional 226 shares in the last quarter. Keel Point LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after acquiring an additional 239 shares in the last quarter. Finally, Atticus Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 3.2% in the fourth quarter. Atticus Wealth Management LLC now owns 7,897 shares of the company’s stock worth $399,000 after acquiring an additional 243 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.50 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.41 and a 1 year high of $50.79. The business has a fifty day simple moving average of $50.52 and a 200 day simple moving average of $50.59. The firm has a market cap of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01.

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.