JPMorgan Ultra-Short Income ETF $JPST Stock: MGO One Seven LLC Lowers Stake

MGO One Seven LLC lowered its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 531,436 shares of the company’s stock after selling 20,133 shares during the period. MGO One Seven LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $26,768,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Rose Capital Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $543,000. Integrated Wealth Concepts LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 3.3% during the second quarter. Integrated Wealth Concepts LLC now owns 1,168,286 shares of the company’s stock valued at $59,080,000 after acquiring an additional 37,846 shares during the last quarter. Worth Asset Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 81.2% during the third quarter. Worth Asset Management LLC now owns 187,616 shares of the company’s stock worth $9,450,000 after purchasing an additional 84,093 shares during the period. Beacon Financial Advisory LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 14.0% during the second quarter. Beacon Financial Advisory LLC now owns 168,730 shares of the company’s stock worth $8,533,000 after purchasing an additional 20,732 shares during the period. Finally, Requisite Capital Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 29.4% during the second quarter. Requisite Capital Management LLC now owns 612,480 shares of the company’s stock worth $30,973,000 after purchasing an additional 139,271 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.43 on Friday. The stock has a market capitalization of $42.55 billion, a PE ratio of 109.63 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 year high of $50.79. The business’s 50-day moving average is $50.37 and its 200 day moving average is $50.50.

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.