Valley Wealth Managers Inc. Boosts Stock Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Valley Wealth Managers Inc. increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 18.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 282,000 shares of the company’s stock after purchasing an additional 43,639 shares during the period. Valley Wealth Managers Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $14,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth about $25,000. Kennebec Savings Bank acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $27,000. LRI Investments LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $30,000. Hershey Financial Advisers LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $30,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $32,000.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock remained flat at $50.46 during trading hours on Friday. 957,283 shares of the stock traded hands, compared to its average volume of 4,145,731. The stock has a fifty day moving average of $50.56 and a two-hundred day moving average of $50.48. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.13 and a twelve month 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.