SPC Financial Inc. Reduces Stake in JPMorgan Ultra-Short Income ETF $JPST

SPC Financial Inc. trimmed its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,262 shares of the company’s stock after selling 1,102 shares during the quarter. SPC Financial Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $621,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chelsea Counsel Co. purchased a new position in JPMorgan Ultra-Short Income ETF in the first quarter valued at about $25,000. Pandora Wealth Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at approximately $34,000. Cooksen Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at approximately $36,000. TD Private Client Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at approximately $48,000. Finally, Sound Income Strategies LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 54.9% during the 2nd quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock valued at $59,000 after buying an additional 412 shares in the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

Shares of JPST stock opened at $50.64 on Monday. The stock has a market capitalization of $34.15 billion, a P/E ratio of 110.09 and a beta of 0.03. The firm’s 50 day moving average is $50.65 and its 200 day 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.

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.