JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. cut its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,431 shares of the company’s stock after selling 2,010 shares during the period. Sovereign Financial Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,796,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Concurrent Investment Advisors LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 13.8% during the second quarter. Concurrent Investment Advisors LLC now owns 99,622 shares of the company’s stock worth $5,049,000 after purchasing an additional 12,050 shares in the last quarter. Cerro Pacific Wealth Advisors LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 31.2% during the second quarter. Cerro Pacific Wealth Advisors LLC now owns 290,524 shares of the company’s stock worth $14,724,000 after purchasing an additional 69,150 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 37.4% during the second quarter. Apollon Wealth Management LLC now owns 311,227 shares of the company’s stock worth $15,773,000 after buying an additional 84,684 shares during the period. Comprehensive Money Management Services LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 60.0% during the second quarter. Comprehensive Money Management Services LLC now owns 16,000 shares of the company’s stock worth $811,000 after buying an additional 6,000 shares during the period. Finally, Financial Connections Group Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 9.1% during the second quarter. Financial Connections Group Inc. now owns 142,805 shares of the company’s stock worth $7,237,000 after buying an additional 11,871 shares during the period. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

NYSEARCA:JPST opened at $50.64 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 fifty day simple moving average of $50.65 and a 200-day simple moving average of $50.57. The company has a market capitalization of $34.15 billion, a P/E ratio of 110.09 and a beta of 0.03.

JPMorgan Ultra-Short Income ETF Company 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.