Floyd Financial Group LLC Decreases Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Floyd Financial Group LLC trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 30.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,931 shares of the company’s stock after selling 27,784 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 2.3% of Floyd Financial Group LLC’s holdings, making the stock its 15th biggest holding. Floyd Financial Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,294,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after acquiring an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in JPMorgan Ultra-Short Income ETF during the first quarter worth about $3,603,000. EverSource Wealth Advisors LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 99.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after acquiring an additional 496 shares in the last quarter. First Trust Advisors LP purchased a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth about $203,000. Finally, Brown Advisory Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 7.6% during the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after purchasing an additional 431 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.50 on Friday. The company has a 50 day simple moving average of $50.52 and a two-hundred day simple moving average of $50.59. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79. The company has a market capitalization of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01.

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.