Apollon Wealth Management LLC Acquires 6,426 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Apollon Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 17.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 42,407 shares of the company’s stock after acquiring an additional 6,426 shares during the period. Apollon Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,130,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in shares of JPMorgan Ultra-Short Income ETF by 29.5% during the third quarter. Bank of New York Mellon Corp now owns 12,705 shares of the company’s stock valued at $638,000 after purchasing an additional 2,892 shares in the last quarter. Brown Advisory Inc. lifted its position in JPMorgan Ultra-Short Income ETF by 23.9% during the third quarter. Brown Advisory Inc. now owns 6,032 shares of the company’s stock valued at $303,000 after buying an additional 1,164 shares during the period. Verdence Capital Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $437,000. BluePath Capital Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $26,000. Finally, Park Avenue Securities LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth about $311,000.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock traded up $0.01 during trading hours on Wednesday, hitting $50.30. 1,314,421 shares of the company’s stock traded hands, compared to its average volume of 3,871,052. The stock’s fifty day simple moving average is $50.34 and its two-hundred day simple moving average is $50.30. JPMorgan Ultra-Short Income ETF has a 12-month low of $49.93 and a 12-month high of $50.51.

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.