Baker Tilly Wealth Management LLC Reduces Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Baker Tilly Wealth Management LLC cut its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,286 shares of the company’s stock after selling 510 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,123,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 26.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 73,544,853 shares of the company’s stock worth $3,731,666,000 after buying an additional 15,245,816 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 22.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,755,150 shares of the company’s stock valued at $292,016,000 after acquiring an additional 1,053,392 shares in the last quarter. Temasek Holdings Private Ltd acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth about $50,075,000. LPL Financial LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the third quarter. LPL Financial LLC now owns 11,172,018 shares of the company’s stock valued at $566,868,000 after purchasing an additional 789,054 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of JPMorgan Ultra-Short Income ETF by 31.0% in the second quarter. Cetera Investment Advisers now owns 2,345,160 shares of the company’s stock valued at $118,360,000 after purchasing an additional 554,564 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST remained flat at $50.42 during mid-day trading on Friday. 1,822,431 shares of the stock were exchanged, compared to its average volume of 5,801,865. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.75. The stock’s 50-day simple moving average is $50.47 and its 200-day simple moving average is $50.51.

JPMorgan Ultra-Short Income ETF 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.