Meridian Financial Partners LLC Decreases Stake in JPMorgan Ultra-Short Income ETF $JPST

Meridian Financial Partners LLC cut its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,027 shares of the company’s stock after selling 14,301 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 2.4% of Meridian Financial Partners LLC’s portfolio, making the stock its 9th largest position. Meridian Financial Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Archer Investment Corp grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.2% during the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock valued at $101,000 after purchasing an additional 200 shares during the last quarter. Lakeridge Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 206 shares during the last quarter. Lantern Wealth Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.0% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock valued at $240,000 after purchasing an additional 226 shares during the last quarter. Condor Capital Management grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.6% during the 3rd quarter. Condor Capital Management now owns 14,607 shares of the company’s stock valued at $741,000 after purchasing an additional 231 shares during the last quarter. Finally, Keel Point LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after purchasing an additional 239 shares during the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.51 on Friday. The firm has a market capitalization of $37.54 billion, a PE ratio of 109.80 and a beta of 0.01. The firm’s 50 day moving average is $50.53 and its 200 day moving average is $50.63. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.42 and a 1 year high of $50.79.

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.