Focus Financial Network Inc. Reduces Stock Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Focus Financial Network Inc. reduced its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 22.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,385 shares of the company’s stock after selling 10,492 shares during the quarter. Focus Financial Network Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,792,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JPST. JPMorgan Chase & Co. grew its position in JPMorgan Ultra-Short Income ETF by 32.6% during the fourth quarter. JPMorgan Chase & Co. now owns 97,516,324 shares of the company’s stock valued at $4,911,897,000 after buying an additional 23,971,471 shares during the period. Raymond James Financial Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $173,884,000. Brooklyn FI LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 6,968.8% during the 4th quarter. Brooklyn FI LLC now owns 2,979,271 shares of the company’s stock valued at $150,461,000 after acquiring an additional 2,937,124 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 118.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,781,153 shares of the company’s stock worth $190,457,000 after purchasing an additional 2,048,587 shares in the last quarter. Finally, State of Tennessee Department of Treasury bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth $91,006,000.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

NYSEARCA JPST opened at $50.49 on Thursday. The business’s fifty day moving average is $50.49 and its 200 day moving average is $50.50. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.25 and a fifty-two 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.