Janney Montgomery Scott LLC Has $31.10 Million Holdings in JPMorgan Ultra-Short Income ETF $JPST

Janney Montgomery Scott LLC decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 34.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 614,451 shares of the company’s stock after selling 328,303 shares during the period. Janney Montgomery Scott LLC owned about 0.08% of JPMorgan Ultra-Short Income ETF worth $31,097,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $25,000. Jackson Hole Capital Partners LLC bought a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $28,000. Sittner & Nelson LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $30,000. Motiv8 Investments LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $32,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $38,000. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.58 on Tuesday. The stock has a market cap of $37.59 billion, a PE ratio of 109.96 and a beta of 0.01. The firm has a 50-day moving average of $50.52 and a 200-day moving average of $50.59. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.41 and a 52-week high of $50.79.

About JPMorgan Ultra-Short Income ETF

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.