JPMorgan Ultra-Short Income ETF $JPST Stake Decreased by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. cut its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 60.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,024 shares of the company’s stock after selling 94,709 shares during the period. Valley Wealth Managers Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,139,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JPST. Nicholson Meyer Capital Management Inc. increased its position in JPMorgan Ultra-Short Income ETF by 0.9% in the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after acquiring an additional 202 shares during the period. Lakeridge Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 4.5% during the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock valued at $241,000 after acquiring an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 2.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after acquiring an additional 221 shares during the period. Whipplewood Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 1.2% during the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock worth $936,000 after acquiring an additional 227 shares during the period. Finally, Keel Point LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 1.4% in the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after purchasing an additional 239 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.50 on Friday. The stock has a market cap of $40.02 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The business has a fifty day moving average of $50.49 and a 200-day moving average of $50.57.

JPMorgan Ultra-Short Income ETF Company 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.