Sequoia Financial Advisors LLC Reduces Stake in JPMorgan Ultra-Short Income ETF $JPST

Sequoia Financial Advisors LLC reduced its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 28.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,040 shares of the company’s stock after selling 42,051 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. TPG Financial Advisors LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 60.0% in the fourth quarter. TPG Financial Advisors LLC now owns 48,492 shares of the company’s stock worth $2,453,000 after purchasing an additional 18,183 shares during the last quarter. First Business Financial Services Inc. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 7.3% during the fourth quarter. First Business Financial Services Inc. now owns 217,698 shares of the company’s stock valued at $11,013,000 after buying an additional 14,901 shares during the period. SkyOak Wealth LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 7.1% during the fourth quarter. SkyOak Wealth LLC now owns 544,898 shares of the company’s stock valued at $27,566,000 after buying an additional 36,330 shares during the last quarter. Novare Capital Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 17.2% during the fourth quarter. Novare Capital Management LLC now owns 93,523 shares of the company’s stock valued at $4,731,000 after buying an additional 13,705 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 286.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,266,826 shares of the company’s stock worth $64,162,000 after buying an additional 938,617 shares during the period. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.36 on Friday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.35 and a fifty-two week high of $50.79. The company has a market cap of $40.27 billion, a price-to-earnings ratio of 109.48 and a beta of 0.01. The business’s 50 day moving average price is $50.47 and its 200-day moving average price is $50.51.

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.