JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Mascoma Wealth Management LLC

Mascoma Wealth Management LLC lessened its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 414,514 shares of the company’s stock after selling 1,192 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 4.9% of Mascoma Wealth Management LLC’s portfolio, making the stock its 6th biggest position. Mascoma Wealth Management LLC owned about 0.07% of JPMorgan Ultra-Short Income ETF worth $21,008,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Chelsea Counsel Co. acquired a new stake in JPMorgan Ultra-Short Income ETF during the first quarter valued at $25,000. Pandora Wealth Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth about $34,000. Cooksen Wealth LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth about $36,000. TD Private Client Wealth LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth about $48,000. Finally, Sound Income Strategies LLC increased its stake in JPMorgan Ultra-Short Income ETF by 54.9% during the second quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock valued at $59,000 after acquiring an additional 412 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

Shares of JPST opened at $50.61 on Friday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.76. The firm has a market capitalization of $34.00 billion, a price-to-earnings ratio of 110.02 and a beta of 0.03. The stock’s 50-day moving average price is $50.65 and its 200 day moving average price is $50.57.

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.