JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) is McCarthy Asset Management Inc.’s Largest Position

McCarthy Asset Management Inc. grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 630,037 shares of the company’s stock after buying an additional 3,957 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 20.3% of McCarthy Asset Management Inc.’s portfolio, making the stock its largest holding. McCarthy Asset Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $31,647,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in JPST. Citizens Financial Group Inc. RI boosted its holdings in JPMorgan Ultra-Short Income ETF by 24.9% during the 4th quarter. Citizens Financial Group Inc. RI now owns 411,431 shares of the company’s stock valued at $20,666,000 after acquiring an additional 81,918 shares during the period. Herold Advisors Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 11.7% during the 4th quarter. Herold Advisors Inc. now owns 55,152 shares of the company’s stock worth $2,770,000 after buying an additional 5,794 shares during the period. Bryn Mawr Capital Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 2.8% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 559,884 shares of the company’s stock worth $28,123,000 after buying an additional 15,304 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth $69,000. Finally, TAP Consulting LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 72.0% during the fourth quarter. TAP Consulting LLC now owns 141,607 shares of the company’s stock worth $7,113,000 after acquiring an additional 59,273 shares during the period.

JPMorgan Ultra-Short Income ETF Trading Up 0.0 %

NYSEARCA:JPST traded up $0.01 during midday trading on Friday, reaching $50.41. The company had a trading volume of 3,330,310 shares, compared to its average volume of 3,825,731. JPMorgan Ultra-Short Income ETF has a 12-month low of $49.93 and a 12-month high of $50.51. The stock’s fifty day simple moving average is $50.35 and its 200-day simple moving average is $50.28.

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.