Acorn Wealth Advisors LLC Trims Stock Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Acorn Wealth Advisors LLC lessened its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.0% in the fourth quarter, HoldingsChannel reports. The firm owned 50,116 shares of the company’s stock after selling 2,076 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 1.0% of Acorn Wealth Advisors LLC’s holdings, making the stock its 25th biggest holding. Acorn Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,524,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $25,000. Eastern Bank boosted its position in JPMorgan Ultra-Short Income ETF by 95.1% during the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock worth $26,000 after acquiring an additional 250 shares during the last quarter. Kennebec Savings Bank purchased a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $27,000. Maryland Capital Advisors Inc. acquired a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $31,000. Finally, Bogart Wealth LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 7,744.4% during the 4th quarter. Bogart Wealth LLC now owns 706 shares of the company’s stock worth $36,000 after purchasing an additional 697 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Up 0.0 %

Shares of NYSEARCA:JPST opened at $50.58 on Tuesday. The business has a fifty day simple moving average of $50.48 and a 200-day simple moving average of $50.52. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 week high of $50.75.

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.