Ellis Investment Partners LLC Invests $361,000 in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Ellis Investment Partners LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 1st quarter, Holdings Channel reports. The firm bought 7,126 shares of the company’s stock, valued at approximately $361,000.

Several other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 32.6% during the fourth quarter. JPMorgan Chase & Co. now owns 97,516,324 shares of the company’s stock worth $4,911,897,000 after purchasing an additional 23,971,471 shares during the last quarter. Bank of America Corp DE boosted its holdings in JPMorgan Ultra-Short Income ETF by 5.5% in the fourth quarter. Bank of America Corp DE now owns 14,427,628 shares of the company’s stock valued at $726,720,000 after acquiring an additional 746,626 shares during the last quarter. LPL Financial LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 13.6% in the fourth quarter. LPL Financial LLC now owns 12,694,776 shares of the company’s stock valued at $639,436,000 after acquiring an additional 1,522,758 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in JPMorgan Ultra-Short Income ETF by 3.3% in the fourth quarter. Wells Fargo & Company MN now owns 7,130,097 shares of the company’s stock valued at $359,143,000 after acquiring an additional 224,833 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 10.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,588,353 shares of the company’s stock valued at $282,938,000 after buying an additional 506,315 shares during the period.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.57 on Friday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.25 and a 1-year high of $50.75. The business’s 50-day moving average price is $50.51 and its two-hundred day moving average price is $50.50.

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.