Mills Wealth Advisors LLC Lowers Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Mills Wealth Advisors LLC trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 37.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,363 shares of the company’s stock after selling 49,280 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 1.9% of Mills Wealth Advisors LLC’s portfolio, making the stock its 15th biggest holding. Mills Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,123,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock worth $5,068,793,000 after buying an additional 2,598,084 shares in the last quarter. Temasek Holdings Private Ltd purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth about $842,655,000. LPL Financial LLC raised its stake in JPMorgan Ultra-Short Income ETF by 19.4% in the first quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after purchasing an additional 2,464,430 shares in the last quarter. HB Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 4.0% in the second quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock valued at $450,480,000 after purchasing an additional 342,791 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in JPMorgan Ultra-Short Income ETF by 22.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after purchasing an additional 1,265,522 shares in the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.73 on Tuesday. The firm’s 50 day simple moving average is $50.67 and its 200 day simple moving average is $50.58. The company has a market capitalization of $34.21 billion, a P/E ratio of 110.28 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year 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.