SVB Wealth LLC lessened its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 53.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,903 shares of the company’s stock after selling 13,726 shares during the period. SVB Wealth LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $602,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Cardiff Park Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $25,000. Rossmore Private Capital bought a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $25,000. Jackson Hole Capital Partners LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $28,000. MGB Wealth Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $30,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $38,000. Institutional investors own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Stock Performance
Shares of JPST opened at $50.50 on Wednesday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.42 and a 52-week high of $50.79. The business’s fifty day moving average is $50.54 and its 200-day moving average is $50.63. The firm has a market cap of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01.
About JPMorgan Ultra-Short Income ETF
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.
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