McCarthy Asset Management Inc. reduced its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 75.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,503 shares of the company’s stock after selling 284,649 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 3.4% of McCarthy Asset Management Inc.’s holdings, making the stock its 8th largest position. McCarthy Asset Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,760,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $25,000. Howe & Rusling Inc. bought a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $26,000. Logan Capital Management Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $27,000. Maryland Capital Advisors Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $31,000. Finally, Cyrus J. Lawrence LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $31,000.
JPMorgan Ultra-Short Income ETF Price Performance
JPST stock opened at $50.54 on Wednesday. The firm has a fifty day moving average price of $50.50 and a 200 day moving average price of $50.49. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.25 and a fifty-two week 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.
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