Williams Jones Wealth Management LLC. Sells 4,770 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Williams Jones Wealth Management LLC. reduced its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 38.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,636 shares of the company’s stock after selling 4,770 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in JPMorgan Ultra-Short Income ETF were worth $385,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPST. One Degree Advisors Inc grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 3.8% in the 4th quarter. One Degree Advisors Inc now owns 6,075 shares of the company’s stock worth $306,000 after purchasing an additional 222 shares during the last quarter. Moloney Securities Asset Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 1.6% during the fourth quarter. Moloney Securities Asset Management LLC now owns 14,662 shares of the company’s stock worth $739,000 after buying an additional 224 shares during the last quarter. Linscomb Wealth Inc. grew its stake in JPMorgan Ultra-Short Income ETF by 3.1% during the fourth quarter. Linscomb Wealth Inc. now owns 8,026 shares of the company’s stock worth $404,000 after buying an additional 241 shares during the last quarter. SteelPeak Wealth LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.2% during the fourth quarter. SteelPeak Wealth LLC now owns 6,394 shares of the company’s stock worth $323,000 after buying an additional 260 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 32.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,161 shares of the company’s stock valued at $59,000 after acquiring an additional 286 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.53 on Thursday. The stock’s 50 day simple moving average is $50.50 and its 200 day simple moving average is $50.49. JPMorgan Ultra-Short Income ETF has a one year low of $50.25 and a one year high of $50.75.

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.