JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 39.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 212,477 shares of the company’s stock after selling 140,628 shares during the quarter. Sowell Financial Services LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,702,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kendall Capital Management boosted its position in shares of JPMorgan Ultra-Short Income ETF by 13.0% during the 3rd quarter. Kendall Capital Management now owns 315,170 shares of the company’s stock valued at $15,875,000 after acquiring an additional 36,203 shares during the last quarter. DHJJ Financial Advisors Ltd. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 36.5% in the third quarter. DHJJ Financial Advisors Ltd. now owns 286,687 shares of the company’s stock valued at $14,440,000 after purchasing an additional 76,635 shares during the period. Mascoma Wealth Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.4% in the third quarter. Mascoma Wealth Management LLC now owns 406,296 shares of the company’s stock valued at $20,465,000 after purchasing an additional 9,582 shares during the period. Dudley Capital Management LLC increased its position in JPMorgan Ultra-Short Income ETF by 1.4% during the third quarter. Dudley Capital Management LLC now owns 30,225 shares of the company’s stock worth $1,522,000 after purchasing an additional 415 shares during the last quarter. Finally, Lantern Wealth Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $204,000. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.39 on Thursday. The firm has a 50 day simple moving average of $50.38 and a 200-day simple moving average of $50.51. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.20 and a 1-year high of $50.79. The stock has a market cap of $43.09 billion, a price-to-earnings ratio of 109.54 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.