Ameritas Advisory Services LLC Sells 130,230 Shares of JPMorgan Ultra-Short Income ETF $JPST

Ameritas Advisory Services LLC cut its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 41.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,732 shares of the company’s stock after selling 130,230 shares during the quarter. Ameritas Advisory Services LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,464,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Chelsea Counsel Co. bought a new stake in JPMorgan Ultra-Short Income ETF in the first quarter worth $25,000. Pandora Wealth Inc. bought a new stake in JPMorgan Ultra-Short Income ETF in the first quarter worth $34,000. Cooksen Wealth LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the first quarter worth $36,000. TD Private Client Wealth LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth $48,000. Finally, Sound Income Strategies LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 54.9% in the second quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock worth $59,000 after acquiring an additional 412 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

JPMorgan Ultra-Short Income ETF stock opened at $50.58 on Friday. The business’s fifty day simple moving average is $50.65 and its two-hundred day simple moving average is $50.57. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.76. The company has a market capitalization of $32.30 billion, a price-to-earnings ratio of 109.96 and a beta of 0.03.

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.