ACT Advisors LLC. Sells 151,874 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

ACT Advisors LLC. lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 86.0% during the 1st quarter, HoldingsChannel reports. The firm owned 24,792 shares of the company’s stock after selling 151,874 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 0.7% of ACT Advisors LLC.’s investment portfolio, making the stock its 20th biggest position. ACT Advisors LLC.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,255,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in JPST. JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 32.6% in the fourth quarter. JPMorgan Chase & Co. now owns 97,516,324 shares of the company’s stock worth $4,911,897,000 after purchasing an additional 23,971,471 shares during the period. Raymond James Financial Inc. bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $173,884,000. Brooklyn FI LLC increased its stake in JPMorgan Ultra-Short Income ETF by 6,968.8% in the fourth quarter. Brooklyn FI LLC now owns 2,979,271 shares of the company’s stock valued at $150,461,000 after acquiring an additional 2,937,124 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 118.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 3,781,153 shares of the company’s stock valued at $190,457,000 after acquiring an additional 2,048,587 shares during the last quarter. Finally, State of Tennessee Department of Treasury bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $91,006,000.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.48 on Thursday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.25 and a 52 week high of $50.75. The business’s fifty day simple moving average is $50.50 and its 200 day simple moving average is $50.50.

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.