JPMorgan Ultra-Short Income ETF $JPST Stock: Westside Investment Management Inc. Cuts Holdings

Westside Investment Management Inc. lessened its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 31.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 32,690 shares of the company’s stock after selling 15,230 shares during the quarter. Westside Investment Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,645,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Rose Capital Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $543,000. Integrated Wealth Concepts LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 3.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,168,286 shares of the company’s stock valued at $59,080,000 after purchasing an additional 37,846 shares during the last quarter. First Citizens Financial Corp increased its holdings in JPMorgan Ultra-Short Income ETF by 31.8% in the 3rd quarter. First Citizens Financial Corp now owns 139,734 shares of the company’s stock valued at $7,038,000 after purchasing an additional 33,723 shares during the last quarter. Worth Asset Management LLC raised its position in JPMorgan Ultra-Short Income ETF by 81.2% in the third quarter. Worth Asset Management LLC now owns 187,616 shares of the company’s stock valued at $9,450,000 after purchasing an additional 84,093 shares during the period. Finally, Beacon Financial Advisory LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 14.0% during the second quarter. Beacon Financial Advisory LLC now owns 168,730 shares of the company’s stock worth $8,533,000 after purchasing an additional 20,732 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPST opened at $50.28 on Friday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 week high of $50.79. The business has a fifty day simple moving average of $50.35 and a 200-day simple moving average of $50.50. The firm has a market cap of $42.50 billion, a P/E ratio of 109.30 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.