Cynosure Group LLC Cuts Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Cynosure Group LLC lessened its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 64.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,929 shares of the company’s stock after selling 233,406 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 0.3% of Cynosure Group LLC’s portfolio, making the stock its 27th biggest position. Cynosure Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,523,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mezzasalma Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 70.9% in the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after acquiring an additional 33,446 shares in the last quarter. Webster Bank N. A. raised its position in JPMorgan Ultra-Short Income ETF by 27.0% in the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock worth $5,430,000 after acquiring an additional 22,815 shares in the last quarter. Greenberg Financial Group purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth $1,544,000. Buck Wealth Strategies LLC raised its position in JPMorgan Ultra-Short Income ETF by 7.3% in the fourth quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock worth $14,367,000 after acquiring an additional 19,402 shares in the last quarter. Finally, Optima Capital LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth $3,485,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.52 on Tuesday. The stock has a fifty day moving average price of $50.51 and a two-hundred day moving average price of $50.60. The stock has a market capitalization of $37.55 billion, a price-to-earnings ratio of 109.83 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.41 and a 1 year high of $50.79.

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.