NewEdge Advisors LLC Sells 60,555 Shares of JPMorgan Ultra-Short Income ETF $JPST

NewEdge Advisors LLC reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,153,944 shares of the company’s stock after selling 60,555 shares during the quarter. NewEdge Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $58,401,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Cardiff Park Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth about $25,000. Jackson Hole Capital Partners LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $28,000. Sittner & Nelson LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $30,000. Motiv8 Investments LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $38,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

NYSEARCA:JPST opened at $50.40 on Friday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79. The firm’s 50 day moving average is $50.48 and its 200 day moving average is $50.55. The stock has a market capitalization of $40.30 billion, a PE ratio of 109.57 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF 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.