Magnolia Wealth Management LLC Invests $18.03 Million in JPMorgan Ultra-Short Income ETF (BATS:JPST)

Magnolia Wealth Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (BATS:JPSTGet Rating) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 358,685 shares of the company’s stock, valued at approximately $18,031,000. JPMorgan Ultra-Short Income ETF accounts for approximately 1.3% of Magnolia Wealth Management LLC’s portfolio, making the stock its 7th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Confluence Wealth Services Inc. bought a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $29,000. Jarislowsky Fraser Ltd bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $201,000. Private Advisor Group LLC increased its stake in JPMorgan Ultra-Short Income ETF by 52.8% in the fourth quarter. Private Advisor Group LLC now owns 427,517 shares of the company’s stock valued at $21,581,000 after acquiring an additional 147,785 shares during the period. Csenge Advisory Group increased its stake in JPMorgan Ultra-Short Income ETF by 6.6% in the fourth quarter. Csenge Advisory Group now owns 10,365 shares of the company’s stock valued at $526,000 after acquiring an additional 646 shares during the period. Finally, Bank of Montreal Can increased its stake in JPMorgan Ultra-Short Income ETF by 664.9% in the fourth quarter. Bank of Montreal Can now owns 139,079 shares of the company’s stock valued at $7,021,000 after acquiring an additional 120,896 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.15 on Wednesday. The firm has a fifty day moving average of $50.13 and a 200 day moving average of $50.17.

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