JPMorgan Ultra-Short Income ETF $JPST Position Trimmed by Mcmorgan & Co. LLC

Mcmorgan & Co. LLC lessened its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 55.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 448,136 shares of the company’s stock after selling 551,131 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 3.7% of Mcmorgan & Co. LLC’s holdings, making the stock its 8th biggest position. Mcmorgan & Co. LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $22,680,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wealthfront Advisers LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 23.7% in the first quarter. Wealthfront Advisers LLC now owns 64,204 shares of the company’s stock worth $3,249,000 after buying an additional 12,306 shares during the period. Three Seasons Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at about $7,263,000. NFSG Corp grew its stake in shares of JPMorgan Ultra-Short Income ETF by 45.5% during the 1st quarter. NFSG Corp now owns 115,523 shares of the company’s stock valued at $5,847,000 after acquiring an additional 36,108 shares during the period. Northstar Financial Companies Inc. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 76.8% during the 1st quarter. Northstar Financial Companies Inc. now owns 60,844 shares of the company’s stock valued at $3,079,000 after acquiring an additional 26,435 shares during the period. Finally, SouthState Bank Corp increased its holdings in JPMorgan Ultra-Short Income ETF by 11.6% in the 1st quarter. SouthState Bank Corp now owns 45,569 shares of the company’s stock worth $2,306,000 after acquiring an additional 4,741 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

NYSEARCA JPST opened at $50.48 on Thursday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79. The stock has a market cap of $39.90 billion, a price-to-earnings ratio of 109.74 and a beta of 0.01. The company’s 50 day moving average is $50.49 and its two-hundred day moving average is $50.57.

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.